Blueknight Energy Partners L.p. (BKEP): MSDC Management Adds to Its Shares

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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.

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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

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Page 1 of 6 – SEC Filing

Washington, DC 20549
Under the Securities Exchange Act of 1934
(Amendment No. 9)*

(Name of Issuer)

Common Units

(Title of Class of Securities)


(CUSIP Number)

Alan L. Dye
C. Alex Bahn
Hogan Lovells US LLP
555 13th Street, NW
Washington, DC 20004

(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)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.

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