Gregory Boland

Published on August 26, 2017 at 8:48 pm by Insider Monkey Staff in

Page 1 of 6

Greg Boland‘s West Face Capital recently reported lowering its stake in Sunopta Inc. (NASDAQ:STKL) via an amended 13D filing with the Securities and Exchange Commission. According to the filing, the fund has sold 550,000 common shares of the company, decreasing its stake in it to 6.35 million common shares, which amass 7.4% of SunOpta’s outstanding stock.

SunOpta is a health food company engaged in organic food production which works through two sectors: Consumer Products and Global Ingredients. Over the past 12 months, the company’s stock has lost 23.14%. For the second quarter of fiscal year 2016, SunOpta disclosed earnings per share of $0.05 and revenue of $348.15 million, both falling below analysts’ estimates of a loss per share of $0.03 and revenue of $361.55 million. Earlier this month, DA Davidson boosted its price target on SunOpta’s stock to $7.50 from $7.00 and has a ‘Buy’ rating on it.

corn, harvester, harvesting, field, ripe, monoculture, dust, agriculture, autumn, machinery, yellow, trailer, crop, combine, farm, sun, landscaped, vehicle, equipment, rural, cultivated

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At the end of June, investors in our database long Sunopta Inc. (NASDAQ:STKL) included Jason Karp’s Tourbillon Capital Partners, with a position worth $35.41 million, Chuck Royce’s Royce & Associates with a $5.9 million position, Ken Griffin’s Citadel Investment Group, and Matthew Knauer and Mina Faltas’ Nokota Management. New investors of the stock during the second quarter were John Segrich and Michael Molnar’s Lorem Ipsum Management, which had $733,000 invested in the company by the end of the quarter, Youlia Miteva’s Proxima Capital Management, which acquired a $648,000 position, and Jacob Gottlieb’s Visium Asset Management. An investor who lost optimism for Sunopta (NASDAQ:STKL) and sold off its position which had been valued at $62,000 at the end of March was Paul Marshall and Ian Wace’s Marshall Wace LLP.

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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	6,353,343	0	6,353,343	6,353,343	7.4%
GREGORY A. BOLAND	0	6,353,343	0	6,353,343	6,353,343	7.4%

Gregory Boland

West Face Capital

Page 1 of 6 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)*

SUNOPTA INC.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

8676EP108

(CUSIP Number)

Supriya Kapoor

2 Bloor Street East, Suite 3000

Toronto, Ontario M4W 1A8

(647) 724-8900

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

August 16, 2016

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

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 otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).