Hedge funds rarely cross the 10% ownership threshold in publicly traded companies because they technically become an insider and will be subject to more regulations. So, they only do this when they are extremely convinced about the prospects of a stock. Well, Stadium Capital Management, already the biggest hedge fund holder of Computer Programs & Systems Inc (NASDAQ:CPSI), disclosed a 10.2% stake in the company. Stadium Capital owned 870K shares, worth $23 million, of CPSI at the end of September.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Stadium Capital Management GP||0||1,379,151||0||1,379,151||1,379,151||10.2%|
Follow Alexander Medina Seaver's Stadium Capital Management
Page 1 of 11 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Computer Programs & Systems, Inc.
(Name of Issuer)
(Title of Class of Securities)
December 22, 2016
(Date of Event Which Requires Filing of this
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[XX] Rule 13d-1(b)
[XX] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
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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 (“Act”) or
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see the Notes).
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