Yoda PLC Amends 13D Filing on Capital Product Partners L.P. Stake
Ticker: CCEC · Form: SC 13D/A · Filed: Jan 9, 2024 · CIK: 1392326
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor
TL;DR
**Yoda PLC just updated its stake in Capital Product Partners L.P., signaling a potential shift in their investment.**
AI Summary
Yoda PLC, a company based in Nicosia, Cyprus, filed an Amendment No. 1 to its Schedule 13D on January 8, 2024, regarding its ownership in Capital Product Partners L.P. This filing indicates a change in their previously reported beneficial ownership of the issuer's common units, representing limited partner interests. This matters to investors because significant changes in ownership by large holders like Yoda PLC can signal shifts in confidence or strategic intentions, potentially influencing the stock's future performance.
Why It Matters
This amendment signals a change in a major shareholder's position, which could indicate a shift in their investment strategy or outlook on Capital Product Partners L.P.
Risk Assessment
Risk Level: medium — Changes in major shareholder filings can introduce uncertainty, as the reasons for the change are not always immediately clear and could be positive or negative.
Analyst Insight
Investors should monitor subsequent filings from Yoda PLC or Capital Product Partners L.P. for more details on the nature of this change in ownership, as this amendment itself does not specify the exact change in share count or percentage.
Key Players & Entities
- Yoda PLC (company) — the filing person and a beneficial owner of Capital Product Partners L.P. common units
- Capital Product Partners L.P. (company) — the issuer of the securities being reported on
- Alon Bar (person) — authorized to receive notices and communications for Yoda PLC
- January 8, 2024 (date) — the date of the event requiring the filing of this statement
FAQ
What is the purpose of this specific filing?
This filing is an Amendment No. 1 to a Schedule 13D, indicating a change in the information previously reported by Yoda PLC regarding its beneficial ownership of Capital Product Partners L.P. common units, as per Rule 13d-2(a).
Who is the 'reporting person' in this filing?
The reporting person is Yoda PLC, a company with a business address at 48 Themistokli Dervi, 7th Floor, Office 703, Nicosia 1066, Cyprus.
What is the 'subject company' or 'issuer' of the securities?
The subject company, or issuer, is Capital Product Partners L.P., located at 3 Iassonos Street, Piraeus 18537, Greece.
What type of securities are being reported on in this filing?
The securities being reported on are 'Common units, representing limited partner interests' of Capital Product Partners L.P., with CUSIP Number Y11082206.
When did the event occur that triggered this amendment?
The date of the event which requires the filing of this statement was January 8, 2024.
Filing Stats: 1,276 words · 5 min read · ~4 pages · Grade level 14.3 · Accepted 2024-01-09 09:29:58
Filing Documents
- sc13da-1.htm (SC 13D/A) — 60KB
- 0001341004-24-000006.txt ( ) — 62KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration
of the Schedule 13D is hereby amended and supplemented as follows
Item 3 of the Schedule 13D is hereby amended and supplemented as follows: On January 8 , 2024, the Company, through its wholly-owned subsidiary, Ascetico Limited , acquired 1,469,295 Common Units for an aggregate purchase price of $ 23,508,720 . From January 3, 2024 to January 8, 2024, the Company, through its wholly-owned subsidiary, Paparebecorp Limited, acquired 360,385 Common Units in an open-market transaction for an aggregate purchase price of $ 5,712,062 . The source of funds used for this transaction was working capital of the Company.
Purpose of Transaction
Item 4. Purpose of Transaction
of the Schedule 13D is hereby deleted and replaced in its entirety as follows
Item 4 of the Schedule 13D is hereby deleted and replaced in its entirety as follows: The information set forth in Item 3 is hereby incorporated by reference in its entirety. The Reporting Persons acquired the Common Units of the Issuer for investment purposes as they believed that such Common Units represented an attractive investment opportunity. The Reporting Persons intend to review their investment in the Issuer from time to time on the basis of various factors, including the Issuer's business, financial condition, results of operations and prospects, general economic and industry conditions, the securities markets in general and those for the Issuer's stock in particular, as well as other developments. The Reporting Persons reserve the right, based on all relevant factors and subject to applicable law or other restrictions, at any time and from time to time, directly or through wholly owned subsidiaries, to acquire additional Common Units, dispose of some or all of the Common Units that it may own from time to time, in each case in open market or private transactions, block sales or otherwise, and review or reconsider their position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 9, 2024 YODA PLC By: /s/ Alon Bar Name: Alon Bar Title: Chief Executive Officer IOANNIS PAPALEKAS /s/ Ioannis Papalekas [ Signature Page to Schedule 13D ] Annex A The following table lists the directors and executive officers of Yoda PLC. Name Principal Occupation or Employment Principal Business Address Citizenship Alon Bar Director, Chief Executive Officer of Yoda PLC 48 Themistokli Dervi Athienitis Centennial Building 7th Floor, Office 703 P.C. Nicosia 1066, Cyprus Israel Achilleas Dorotheou