Nathaniel August‘s Mangrove Partners has reported a 17.4% stake in Asta Funding, Inc. (NASDAQ:ASFI) via a 13D filing with the US Securities and Exchange Commission. The position contains around 2.10 million shares and is higher than the 1.46 million-share holding that Mangrove disclosed in its last 13F filing. In addition, the investor stated that it plans to launch a tender offer to purchase up to 3.0 million shares of Asta Funding at a price of $9.00 per unit. With this tender offer, Mangrove would increase its position in Asta to over 42% of the outstanding stock.
Among the funds we track, two other shareholders of Asta Funding are Brian Gaines’ Springhouse Capital Management and Jim Simons’ Renaissance Technologies, which own 648,683 shares and 126,300 shares, respectively.
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 |
|THE MANGROVE PARTNERS FUND || || 2,102,427 || || 2,102,427 || 2,102,427 || 17.4% |
|MANGROVE PARTNERS FUND (CAYMAN), LTD || || 2,102,427 || || 2,102,427 || 2,102,427 || 17.4% |
|MANGROVE PARTNERS || || 2,102,427 || || 2,102,427 || 2,102,427 || 17.4% |
|MANGROVE CAPITAL || || 2,102,427 || || 2,102,427 || 2,102,427 || 17.4% |
|MPF INVESTCO 4 || || 2,102,427 || || 2,102,427 || 2,102,427 || 0% |
|NATHANIEL AUGUST || || || || || || 17.4% |
Page 1 of 17 SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
(Amendment No. 1)1
Common Stock, $0.01 par value
(Title of Class of Securities)
STEVE WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(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 x.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
1 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 disclosures provided in a prior cover page.
The information required on 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 (“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).