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MFP Investors Discloses New Position in S&W Seed Company (SANW); Disposes Stake in Franklin Financial Corp (FRNK)

In a new filing with the U.S. Securities and Exchange Commission, MFP Investors, managed by Michael Price, has disclosed that it initiated a new passive stake in S&W Seed Company (NASDAQ:SANW). At the same time, in its another amended filing, the hedge fund reported that it no longer own any shares of common stock of Franklin Financial Corp (NASDAQ:FRNK) as a result of the company’s merger with TowneBank (NASDAQ:TOWN).

Michael Price

MFP Investors reveals in its filing with the SEC that it holds around 1.29 million S&W Seed Company (NASDAQ:SANW) shares, equal to 9.99% of the company’s common stock. S&W Seed Company (NASDAQ:SANW) is a $47.8 million market cap global agricultural company headquartered in California.

Recently, S&W Seed Company (NASDAQ:SANW) announced the closing of its acquisition of DuPont Pioneer’s alfalfa production and research facility assets, and conventional (non-GMO) alfalfa germplasm for a purchase price of up to $42 million. S&W Seed Company (NASDAQ:SANW) is deemed to be the largest ‘non-dormant’ alfalfa seed company in the world, while DuPont Pioneer is considered to be the world’s leading developer and supplier of advanced plant genetics. DuPont Pioneer is a unit of E I Du Pont De Nemours And Co (NYSE:DD), in which MFP Investors holds 495,397 shares, as of the end of September 3014.

Shares of S&W Seed Company (NASDAQ:SANW) moved up 7.3% on Thursday, hitting $4.14. S&W Seed Company (NASDAQ:SANW) monthly performance stands at 14.96%, while its year-to-date performance is 3.75%.

Other largest shareholders of S&W Seed Company (NASDAQ:SANW) include Sophrosyne Capital, managed by Benjamin J Taylor, owning 263,941 shares, and Coe Capital Management, led by Mark Coe, holding 114,651 shares, as of the end of third quarter of 2014, according to our record.