Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value: $92.35M (100.0% shares, 0.0% debt)

Holdings (30)

NWSA NEWS CORP NEW 8.9%

Value $8.19M Shares 912,513 Share Price $8.98 * Est. Cost/Share $11.89 Unrealized @ Report Date -0.1%

— VERSO CORP 8.6%

Value $7.896M Shares 700,000 Share Price $11.28 Est. Cost/Share $15.16 Unrealized @ Report Date —

SWKH SWK HLDGS CORP 7.8%

Value $7.179M Shares 641,000 Share Price $11.20 * Est. Cost/Share $10.16 Unrealized @ Report Date 0.0%

EPSN EPSILON ENERGY LTD 7.7%

Value $7.076M Shares 2,650,000 Share Price $2.67 * Est. Cost/Share $2.85 Unrealized @ Report Date -12.8%

FENC FENNEC PHARMACEUTICALS INC 6.2%

Value $5.702M Shares 960,000 Share Price $5.94 * Est. Cost/Share $4.28 Unrealized @ Report Date +52.2%

— EMCORE CORP 5.7%

Value $5.28M Shares 2,357,227 Share Price $2.24 Est. Cost/Share $3.65 Unrealized @ Report Date —

MPC MARATHON PETE CORP 4.9%

Value $4.488M Shares 190,000 Share Price $23.62 * Est. Cost/Share $38.36 Unrealized @ Report Date 0.0%

— IEC ELECTRS CORP NEW 4.6%

Value $4.238M Shares 713,397 Share Price $5.94 Est. Cost/Share $6.12 Unrealized @ Report Date —

— MSG NETWORK INC 4.5%

Value $4.131M Shares 405,000 Share Price $10.20 Est. Cost/Share $18.78 Unrealized @ Report Date —

— COREPOINT LODGING INC 3.9%

Value $3.626M Shares 925,000 Share Price $3.92 Est. Cost/Share $8.59 Unrealized @ Report Date —

BXC BLUELINX HLDGS INC 3.9%

Value $3.614M Shares 730,000 Share Price $4.95 * Est. Cost/Share $16.86 Unrealized @ Report Date -33.3%

— HILL INTL INC 3.4%

Value $3.118M Shares 2,150,000 Share Price $1.45 Est. Cost/Share $2.52 Unrealized @ Report Date —

— ENTERCOM COMMUNICATIONS CORP 3.1%

Value $2.907M Shares 1,700,000 Share Price $1.71 Est. Cost/Share $3.43 Unrealized @ Report Date —

GTX GARRETT MOTION INC 3.1%

Value $2.86M Shares 1,000,000 Share Price $2.86 * Est. Cost/Share $11.55 Unrealized @ Report Date -37.0%

— OAKTREE SPECIALTY LENDING CO 2.8%

Value $2.554M Shares 788,387 Share Price $3.24 Est. Cost/Share $4.38 Unrealized @ Report Date —

CAKE CHEESECAKE FACTORY INC 2.7%

Value $2.477M Shares 145,000 Share Price $17.08 * Est. Cost/Share $30.06 Unrealized @ Report Date 0.0%

— 1347 PPTY INS HLDGS INC 2.6%

Value $2.386M Shares 488,843 Share Price $4.88 Est. Cost/Share $4.10 Unrealized @ Report Date —

ASIX ADVANSIX INC 2.5%

Value $2.337M Shares 245,000 Share Price $9.54 * Est. Cost/Share $14.18 Unrealized @ Report Date 0.0%

— EARTHSTONE ENERGY INC 2.3%

Value $2.156M Shares 1,225,000 Share Price $1.76 Est. Cost/Share $3.33 Unrealized @ Report Date —

BBW BUILD A BEAR WORKSHOP 2.3%

Value $2.145M Shares 1,500,000 Share Price $1.43 * Est. Cost/Share $2.88 Unrealized @ Report Date +5.5%

BJRI BJS RESTAURANTS INC 1.8%

Value $1.632M Shares 117,500 Share Price $13.89 * Est. Cost/Share $32.00 Unrealized @ Report Date 0.0%

— GOLAR LNG PARTNERS LP 1.4%

Value $1.31M Shares 390,000 Share Price $3.36 Est. Cost/Share $3.36 Unrealized @ Report Date —

GIFI GULF ISLAND FABRICATION INC 1.4%

Value $1.3M Shares 433,273 Share Price $3.00 * Est. Cost/Share $4.52 Unrealized @ Report Date 0.0%

PBF PBF ENERGY INC 1.2%

Value $1.147M Shares 162,000 Share Price $7.08 * Est. Cost/Share $23.64 Unrealized @ Report Date -5.1%

RRTS ROADRUNNER TRANSN SYS INC 1.0%

Value $891K Shares 349,416 Share Price $2.55 * Est. Cost/Share $9.25 Unrealized @ Report Date -20.7%

— STEEL CONNECT INC 0.6%

Value $600K Shares 799,368 Share Price $0.75 Est. Cost/Share $1.64 Unrealized @ Report Date —

VRTS VIRTUS INVT PARTNERS INC 0.5%

Value $460K Shares 6,043 Share Price $76.12 * Est. Cost/Share $77.11 Unrealized @ Report Date +19.4%

— FRANCESCAS HLDGS CORP 0.4%

Value $336K Shares 148,100 Share Price $2.27 Est. Cost/Share $10.38 Unrealized @ Report Date —

EMMS EMMIS COMMUNICATIONS CORP 0.2%

Value $199K Shares 99,629 Share Price $2.00 * Est. Cost/Share $3.36 Unrealized @ Report Date 0.0%

— LEE ENTERPRISES INC 0.1%

Value $114K Shares 116,374 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NWSA	NEWS CORP NEW	912,513	$8.19M	8.9%	$8.98 *	$11.89	-0.1%	CL A	65249B109
—	VERSO CORP	700,000	$7.896M	8.6%	$11.28	$15.16	—	CL A	92531L207
SWKH	SWK HLDGS CORP	641,000	$7.179M	7.8%	$11.20 *	$10.16	0.0%	COM NEW	78501P203
EPSN	EPSILON ENERGY LTD	2,650,000	$7.076M	7.7%	$2.67 *	$2.85	-12.8%	COM	294375209
FENC	FENNEC PHARMACEUTICALS INC	960,000	$5.702M	6.2%	$5.94 *	$4.28	+52.2%	COM	31447P100
—	EMCORE CORP	2,357,227	$5.28M	5.7%	$2.24	$3.65	—	COM NEW	290846203
MPC	MARATHON PETE CORP	190,000	$4.488M	4.9%	$23.62 *	$38.36	0.0%	COM	56585A102
—	IEC ELECTRS CORP NEW	713,397	$4.238M	4.6%	$5.94	$6.12	—	COM	44949L105
—	MSG NETWORK INC	405,000	$4.131M	4.5%	$10.20	$18.78	—	CL A	553573106
—	COREPOINT LODGING INC	925,000	$3.626M	3.9%	$3.92	$8.59	—	COM	21872L104
BXC	BLUELINX HLDGS INC	730,000	$3.614M	3.9%	$4.95 *	$16.86	-33.3%	COM NEW	09624H208
—	HILL INTL INC	2,150,000	$3.118M	3.4%	$1.45	$2.52	—	COM	431466101
—	ENTERCOM COMMUNICATIONS CORP	1,700,000	$2.907M	3.1%	$1.71	$3.43	—	CL A	293639100
GTX	GARRETT MOTION INC	1,000,000	$2.86M	3.1%	$2.86 *	$11.55	-37.0%	COM	366505105
—	OAKTREE SPECIALTY LENDING CO	788,387	$2.554M	2.8%	$3.24	$4.38	—	COM	67401P108
CAKE	CHEESECAKE FACTORY INC	145,000	$2.477M	2.7%	$17.08 *	$30.06	0.0%	COM	163072101
—	1347 PPTY INS HLDGS INC	488,843	$2.386M	2.6%	$4.88	$4.10	—	COM	68244P107
ASIX	ADVANSIX INC	245,000	$2.337M	2.5%	$9.54 *	$14.18	0.0%	COM	00773T101
—	EARTHSTONE ENERGY INC	1,225,000	$2.156M	2.3%	$1.76	$3.33	—	CL A	27032D304
BBW	BUILD A BEAR WORKSHOP	1,500,000	$2.145M	2.3%	$1.43 *	$2.88	+5.5%	COM	120076104
BJRI	BJS RESTAURANTS INC	117,500	$1.632M	1.8%	$13.89 *	$32.00	0.0%	COM	09180C106
—	GOLAR LNG PARTNERS LP	390,000	$1.31M	1.4%	$3.36	$3.36	—	COM UNIT LPI	Y2745C102
GIFI	GULF ISLAND FABRICATION INC	433,273	$1.3M	1.4%	$3.00 *	$4.52	0.0%	COM	402307102
PBF	PBF ENERGY INC	162,000	$1.147M	1.2%	$7.08 *	$23.64	-5.1%	CL A	69318G106
RRTS	ROADRUNNER TRANSN SYS INC	349,416	$891K	1.0%	$2.55 *	$9.25	-20.7%	COM NEW	76973Q204
—	STEEL CONNECT INC	799,368	$600K	0.6%	$0.75	$1.64	—	COM	858098106
VRTS	VIRTUS INVT PARTNERS INC	6,043	$460K	0.5%	$76.12 *	$77.11	+19.4%	COM	92828Q109
—	FRANCESCAS HLDGS CORP	148,100	$336K	0.4%	$2.27	$10.38	—	COM NEW	351793203
EMMS	EMMIS COMMUNICATIONS CORP	99,629	$199K	0.2%	$2.00 *	$3.36	0.0%	COM NEW CL A	291525400
—	LEE ENTERPRISES INC	116,374	$114K	0.1%	$0.98	$0.98	—	COM	523768109