12 West Capital Management Reports Major Position in Atlantic Power Corp (AT)

The involvement of activist investors in a company is good news for investors as these activists are likely to push the board towards creating more shareholder value. At the end of the first quarter, smart money held a bullish outlook on Atlantic Power Corporation (NYSE:AT) with nine hedge funds holding $42.18 million worth of stock, against the prior quarter value of $30.13 million. Greg Taxin’s Clinton Group was a major shareholder of the company with 1.68 million shares valued at $4.71 million. Other investors with long positions included Michael Reeber’s Andalusian Capital Partners, David E. Shaw’s D. E. Shaw, and James Dondero’s Highland Capital Management. In terms of insider activity, James Moore, CEO of Atlantic Power Corp, was noted to purchase a significant amount of shares in May, buying 160,253 shares of the company.

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