Edward A. Mule and Robert J. O’Shea’s Silver Point Capital recently has filed a 13G filing with the US SEC, in which it disclosed increasing its stake in Enpro Industries Inc (NYSE:NPO) to 1.75 million shares, which account for 8.2% of the company’s outstanding stock. Previously the fund had held 1.61 million shares, according to its last 13F filing for the third quarter.
Enpro Industries is a company that produces various engineered industrial products, running in three sectors: Engineered Products, Sealing Products, and Power Systems. Over the past 12 months, the company’s shares have gained 51.18%. In its last financial report for the third quarter of 2016, Enpro Industries reported EPS of $0.43, and revenue of $292.7 million, compared to EPS of $0.45 and revenue of $306.6 million for the same period in 2015.
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At the end of September, there were 12 investors from Insider Monkey’s database long Enpro Industries Inc (NYSE:NPO), down by three from the previous quarter. One of the most bullish hedge funds was Jonathan Savitz’s Greywolf Capital Management, which held a $45.3 million position. Some other investors with a similar bullishness counted Mariko Gordon’s Daruma Asset Management, Thomas Ellis and Todd Hammer’s North Run Capital and Steve Ketchum’s Sound Point Capital.
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On the other hand, hedge funds who decided to dump Enpro Industries (NYSE:NPO) during the third quarter included Bart Baum’s Ionic Capital Management, which sold its stake worth around $7.4 million, and Peter S. Park’s Park West Asset Management, which also cut its stake, valued at $6.9 million.
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 |
|---|---|---|---|---|---|---|
| Silver Point Capital | 1,750,000 | 0 | 1,750,000 | 0 | 1,750,000 | 8.2% |
| Edward A. Mul | 0 | 1,750,000 | 0 | 1,750,000 | 1,750,000 | 8.2% |
| Robert J. O Shea | 0 | 1,750,000 | 0 | 1,750,000 | 1,750,000 | 8.2% |
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Page 1 of 9 – SEC Filing
EnPro Industries, Inc.
Common Stock
29355X107
December 13, 2016
| ☐ | Rule 13d-1(b) | ||
| ☒ | Rule 13d-1(c) | ||
| ☐ | Rule 13d-1(d) | ||
| *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. | |||
| The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). | |||
