Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...