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Westmoreland Coal Co (WLB): Jeffrey Gendell’s Tontine Capital Overseas Master Fund Bought 200K Shares

Jeffrey Gendell‘s Tontine Capital Overseas Master Fund bought more than 200 thousand shares of Westmoreland Coal Co (WLB) at an average price of $6.13 between November 3rd and February 1st. Westmoreland Coal shares actually performed better than the market or the energy shares during this period and netted Tontine a nearly 15% gain. All of these gains realized in the last couple of days.

Gendell reported a 1.14 million position at the end of December in a 13F filing whereas this 13D filing discloses a total exposure of 1.71 million shares. The details of this filing can be found below:

Jeffrey Gendell
Jeffrey Gendell
Tontine Asset Management

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Tontine Capital Management 101,306 0 101,306 0 101,306 0.6%
Tontine Management 37,462 0 37,462 0 37,462 0.2%
Tontine Capital Overseas Master Fund II 0 901,643 0 901,643 901,643 5.0%
Tontine Asset Associates 0 901,643 0 901,643 901,643 5.0%
Tontine Associates 116,025 0 116,025 0 116,025 0.6%
Jeffrey L. Gendell 549,000 1,156,436 549,000 1,156,436 1,705,436 9.4%

Page 1 of 13 SEC Filing

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 27)*

 

Westmoreland Coal Company

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

960878106

(CUSIP Number)

 

Jeffrey L. Gendell

1 Sound Shore Drive

Greenwich, Connecticut 06830

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

December 31, 2015

(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. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-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 disclosures provided in a prior cover page.

The information required on 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 (the”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).

 


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