Factory Card & Party Outlet Corp. (NDAQ:FCPO)
13D/A Filing by Midwood Capital
Midwood Capital is an activist hedge fund that was first involved with FCPO back in August, when it said the company was trading at a substancial discount to its intrinsic value and encouraged the company to explore a possible sale of the company. The company has not publicly responded to this request, which is likely why the fund continues to purchase shares. Midwood now holds a 9.7% stake in the company, giving it substancial power to enforce their plans if they desired to do so. The company is currently trading 25% below its enterprise value with a book value of $9.38 per share.
Magnetek, Inc. (NYSE:MAG)
Form 4 Filing by the Director
Magnetek Director Yon Jorden disclosed in a Form 4 filing with the SEC today that he had purchased 10,000 shares of the company in a transaction worth approximately $37,800. This comes shortly after 10% holder Bryant Riley purchased over $320K worth of stock just two days earlier.