Nathaniel August‘s Mangrove Partners has reported a 17.4% stake in Asta Funding, Inc. (NASDAQ:ASFI) via a 13D filing with the US Securities and Exchange Commission. The position contains around 2.10 million shares and is higher than the 1.46 million-share holding that Mangrove disclosed in its last 13F filing. In addition, the investor stated that it plans to launch a tender offer to purchase up to 3.0 million shares of Asta Funding at a price of $9.00 per unit. With this tender offer, Mangrove would increase its position in Asta to over 42% of the outstanding stock.
Among the funds we track, two other shareholders of Asta Funding are Brian Gaines’ Springhouse Capital Management and Jim Simons’ Renaissance Technologies, which own 648,683 shares and 126,300 shares, respectively.
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 |
|---|---|---|---|---|---|---|
| THE MANGROVE PARTNERS FUND | 2,102,427 | 2,102,427 | 2,102,427 | 17.4% | ||
| MANGROVE PARTNERS FUND (CAYMAN), LTD | 2,102,427 | 2,102,427 | 2,102,427 | 17.4% | ||
| MANGROVE PARTNERS | 2,102,427 | 2,102,427 | 2,102,427 | 17.4% | ||
| MANGROVE CAPITAL | 2,102,427 | 2,102,427 | 2,102,427 | 17.4% | ||
| MPF INVESTCO 4 | 2,102,427 | 2,102,427 | 2,102,427 | 0% | ||
| NATHANIEL AUGUST | 17.4% |