Gildan Activewear

Position Reduction by Coliseum Capital

Coliseum Capital, a well-known investor, has decided to reduce its position in the apparel maker, Gildan. They sold a significant amount of Gildan shares, specifically 1,270,012 shares, at prices ranging from $33.25 to $37.65 each between November 6th and December 7th. As a result, their current holding now stands at 9,881,461 shares.

It is worth noting that Coliseum Capital and Gildan recently entered into a support agreement on December 17th. This agreement appointed Coliseum's managing partner, Christopher Shackelton, to Gildan’s board. Furthermore, Coliseum expressed its intention to make an additional investment in Gildan through market purchases.

Management Change at Gildan

In another development, Gildan announced the termination of its co-founder, Glenn J. Chamandy, as CEO on December 11th. It is interesting to note that some shareholders have called for Chamandy's reinstatement. However, Gildan defended its decision by stating that the CEO succession plan was carefully executed over multiple years. The company's board referred to the appointment of Vince Tyra as the new top executive as a "unanimous decision."

Alta Equipment Group

Increased Stake by Mill Road Capital III

Mill Road Capital III, an investment firm, has significantly increased its stake in Alta Equipment Group, a dealer of specialty equipment such as lift trucks and cranes. They have acquired an additional 181,343 shares of Alta Equipment Group between December 18th and December 21st at prices ranging from $11.88 to $12.28 per share.

This follows Mill Road Capital's previous acquisition of 42,300 Alta Equipment Group shares for $15 each through put-option assignments in November. Starting from May, Mill Road Capital initiated a 5% stake in Alta Equipment Group. With their latest purchases, they now hold a significant 7.2% stake in the company.

It should be noted that the stock of Alta Equipment Group has experienced a decline of approximately 3% this year.

Decreases in Holdings

CarParts.com

The Philotimo Fund has decreased its position in CarParts.com, an online retailer of automotive parts. The fund now holds 2,699,109 shares, including those held by fund manager David Kanen. From Nov. 21 through Dec. 21, Philotimo sold 353,492 CarParts.com shares at prices ranging from $3.18 to $3.48. As a result, Philotimo now holds a 4.7% stake in the company, falling below the 5% threshold that would require the disclosure of any further sales.

Overseas Shipholding Group

Cyrus Capital Partners has reduced its stake in the tanker company, Overseas Shipholding Group. Through selling 1,421,653 shares from Nov. 14 through Dec. 22 at average prices ranging from $5.07 to $5.19 apiece, Cyrus now owns 4,264,087 shares, representing a 6% stake.

USA Compression Partners

The EIG Veteran Equity Aggregator has lowered its stake in USA Compression Partners, a provider of natural-gas compression services. EIG now holds 22,123,386 shares in the company, which includes 420,664 series A perpetual preferred units that are convertible for a total of 21,021,113 shares. From Nov. 17 through Dec. 22, EIG sold 1,333,201 USA Compression shares at prices ranging from $24.02 to $25.88 each. Following the sales, EIG Veteran owns 18.2% of USA Compression's tradable stock.