According to an amended 13D filing with the US SEC, Marc Lisker, Glenn Fuhrman and John Phelan’s MSDC Management has raised its stake in Blueknight Energy Partners L.p. (NASDAQ:BKEP), and it currently owns 5.19 million Common Units (which include 1.94 million common units that the fund has the right to acquire 60 days upon conversion of 1.94 million Series A Preferred Units), which account for 14.0% of the company’s outstanding stock. Previously, the fund’s stake consisted of 3.58 million common units, as reported in its last 13F filing for the reporting period of June 30.
Blueknight Energy Partners is a master limited partnership company that provides professional services of terminalling, transportation, storage and gathering to producers of liquid asphalt cement and crude oil. Over the past 12 months, the company’s stock is down by 13.14%. For the second quarter of 2016, Blueknight Energy Partners reported a loss per share of $0.71 and revenue of $43.43 million, compared to EPS of $0.06 and revenue of $46.57 million for the same quarter in the previous year.
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There were 3 investors from our database long Blueknight Energy Partners (NASDAQ:BKEP) at the end of June, up by 1 hedge fund in the previous quarter. Dov Gertzulin’s DG Capital Management held a position valued at $14.04 million, while Jim Simons’ Renaissance Technologies initiated a new position during the quarter, and had $90,000 invested in the company.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| MSD Partners | 0 | 5,192,232 | 0 | 5,192,232 | 5,192,232 | |
| MSD Torchlight Partners | 0 | 5,192,232 | 0 | 5,192,232 | 5,192,232 |
Page 1 of 6 – SEC Filing
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 |
| SCHEDULE 13D |
| Under the Securities Exchange Act of 1934 (Amendment No. 9)* |
| BLUEKNIGHT ENERGY PARTNERS, L.P. |
| (Name of Issuer) |
| Common Units |
| (Title of Class of Securities) |
| 09625U109 |
| (CUSIP Number) |
| Alan L. Dye C. Alex Bahn Hogan Lovells US LLP 555 13th Street, NW Washington, DC 20004 202-637-5600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communication) |
| August 24, 2016 |
| (Date of Event which Requires Filing of this Statement) |
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