A newly-amended 13D filing with the SEC revealed that Greg Boland‘s West Face Capital has further decreased its stake in Sunopta Inc. (NASDAQ:STKL), with it currently owning 4.25 million shares, which represent 4.97% of the company’s outstanding stock. Previously, West Face Capital held 6.35 million shares, which accounted for 7.4% of the stock’s float, as per its previous 13D filing on the company dated August 19.
SunOpta is a health food company engaged in the production of non-genetically modified food, operating in two divisions: Global Ingredients and Consumer Products. Since the beginning of the year, the company’s stock has lost 9.73%. In its financial report for the second quarter of 2016, SunOpta reported a loss per share of $0.05 and revenue of $348.15 million, compared to EPS of $0.07 and revenue of $277.59 million for the same quarter a year earlier.
Among the pool of successful investors followed by Insider Monkey, 17 reported long positions in Sunopta (NASDAQ:STKL) as of the end of June, down by one from the end of March. Some of the bullish investors included Jason Karp’s Tourbillon Capital Partners, which held a position worth around $35.41 million, Chuck Royce’s Royce & Associates, with a $5.87 million position, Ken Griffin’s Citadel Investment Group, Matthew Knauer and Mina Faltas’ Nokota Management, Jim Simons’ Renaissance Technologies, and Mario Gabelli’s GAMCO Investors.
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Some of the new investors in the stock during the quarter encompassed John Segrich and Michael Molnar’s Lorem Ipsum Management, which had $733,000 invested in the company, Youlia Miteva’s Proxima Capital Management, which initiated a position valued at $648,000 on June 30, and Gavin Saitowitz and Cisco J. Del Valle’s Springbok Capital.
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 |
---|---|---|---|---|---|---|
WEST FACE CAPITAL INC | 0 | 4,253,343 | 0 | 4,253,343 | 4,253,343 | 4.97% |
GREGORY A. BOLAND | 0 | 4,253,343 | 0 | 4,253,343 | 4,253,343 | 4.97% |
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Page 1 of 6 – SEC Filing