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Par Petroleum Corporation. (PARR), American Capital Ltd. (NACAS), and New Senior Investment Group Inc (SNR): WhiteBox Advisors’ Top Picks

American Capital Ltd. (NASDAQ:ACAS) is next on the list with Whitebox Advisors holding 4.47 million shares, down by 8% on the quarter; the value of the stake amounts to $65.31 million. The stock price dropped by about 6.5% in 2014.

The private equity and venture capital firm´s gross profit margin for the fourth quarter has decreased when compared to the same quarter a year prior. Nevertheless, sales and net income significantly increased in the fourth quarter of 2014 from the same quarter of fiscal 2013.

Brian Taylor’s Pine River Capital Management was the largest shareholder of American Capital Ltd. (NASDAQ:ACAS), which upped its stake by 22% on the quarter to 23.41 million shares valued at $195.87 million at the end of 2014; the position accounted for over 2.6% of the fund’s equity portfolio and was the largest in terms of value.

Finally, New Senior Investment Group Inc (NYSE:SNR) ranks as a top pick, with a position of 2.64 million shares. The fund’s stake has a market value of $43.47 million and accounts for almost 2% of Whitebox’s equity portfolio. However, New Senior Investment Group Inc (NYSE:SNR)’s stock lost 1.28% in a year-to date basis and 12.39% in the October-December period.  So, New Senior Investment Group’s shares lost 13.52% of their market value since they began trading in late October and closed today at a price of $16.54 each.

John Osterweis’ Osterweis Capital Management is the largest investor in New Senior Investment Group Inc (NYSE:SNR) as it reported holding 3.66 million shares, valued at $ 60.22 million.

Disclosure: none

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