Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 17, 2021

Total Value: $119M (100.0% shares, 0.0% debt)

Holdings (23)

EPSN EPSILON ENERGY LTD 12.8%

Value $15.28M Shares 3,921,938 Share Price $3.90 * Est. Cost/Share $2.72 Unrealized @ Report Date +18.8%

GLNG GOLAR LNG LTD 8.6%

Value $10.23M Shares 1,000,000 Share Price $10.23 Est. Cost/Share $10.21 Unrealized @ Report Date 0.0%

BXC BLUELINX HLDGS INC 7.6%

Value $8.99M Shares 229,390 Share Price $39.19 Est. Cost/Share $16.86 Unrealized @ Report Date +130.5%

SWKH SWK HLDGS CORP 6.9%

Value $8.22M Shares 565,368 Share Price $14.54 * Est. Cost/Share $10.16 Unrealized @ Report Date +11.0%

— HILL INTL INC 6.3%

Value $7.456M Shares 2,330,000 Share Price $3.20 Est. Cost/Share $2.30 Unrealized @ Report Date —

— THE AARONS COMPANY INC 6.1%

Value $7.28M Shares 283,500 Share Price $25.68 Est. Cost/Share $25.68 Unrealized @ Report Date —

MPC MARATHON PETE CORP 5.8%

Value $6.88M Shares 128,630 Share Price $53.49 * Est. Cost/Share $37.03 Unrealized @ Report Date +20.5%

— COREPOINT LODGING INC 5.0%

Value $5.892M Shares 652,503 Share Price $9.03 Est. Cost/Share $8.59 Unrealized @ Report Date —

FENC FENNEC PHARMACEUTICALS INC 4.2%

Value $4.968M Shares 800,000 Share Price $6.21 * Est. Cost/Share $4.28 Unrealized @ Report Date +75.7%

— OAKTREE SPECIALTY LENDING CO 4.1%

Value $4.888M Shares 788,387 Share Price $6.20 Est. Cost/Share $4.38 Unrealized @ Report Date —

LILAK LIBERTY LATIN AMERICA LTD 3.7%

Value $4.413M Shares 340,000 Share Price $12.98 * Est. Cost/Share $8.81 Unrealized @ Report Date +36.6%

VST VISTRA CORP 3.6%

Value $4.243M Shares 240,000 Share Price $17.68 Est. Cost/Share $17.90 Unrealized @ Report Date 0.0%

— DONNELLEY R R & SONS CO 3.4%

Value $4.06M Shares 1,000,000 Share Price $4.06 Est. Cost/Share $4.06 Unrealized @ Report Date —

— SAFEGUARD SCIENTIFICS INC 3.3%

Value $3.904M Shares 572,482 Share Price $6.82 Est. Cost/Share $6.45 Unrealized @ Report Date —

LEE LEE ENTERPRISES INC 3.1%

Value $3.733M Shares 145,297 Share Price $25.69 * Est. Cost/Share $19.98 Unrealized @ Report Date 0.0%

— ENTERCOM COMMUNICATIONS CORP 3.0%

Value $3.593M Shares 684,473 Share Price $5.25 Est. Cost/Share $3.43 Unrealized @ Report Date —

BWFG BANKWELL FINL GROUP INC 2.9%

Value $3.439M Shares 127,623 Share Price $26.95 * Est. Cost/Share $12.81 Unrealized @ Report Date +58.1%

GIFI GULF ISLAND FABRICATION INC 2.4%

Value $2.895M Shares 750,000 Share Price $3.86 Est. Cost/Share $3.88 Unrealized @ Report Date -1.7%

BBW BUILD-A-BEAR WORKSHOP INC 1.9%

Value $2.276M Shares 329,921 Share Price $6.90 * Est. Cost/Share $2.88 Unrealized @ Report Date +80.7%

— PROCESSA PHARMACEUTICALS INC 1.8%

Value $2.18M Shares 200,000 Share Price $10.90 Est. Cost/Share $6.60 Unrealized @ Report Date —

— STEEL CONNECT INC 1.3%

Value $1.583M Shares 799,368 Share Price $1.98 Est. Cost/Share $1.64 Unrealized @ Report Date —

— GOLAR LNG PARTNERS LP 1.1%

Value $1.357M Shares 388,930 Share Price $3.49 Est. Cost/Share $3.37 Unrealized @ Report Date —

PBF PBF ENERGY INC 1.0%

Value $1.132M Shares 80,000 Share Price $14.15 * Est. Cost/Share $23.64 Unrealized @ Report Date -49.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,921,938	$15.28M	12.8%	$3.90 *	$2.72	+18.8%	COM	294375209
GLNG	GOLAR LNG LTD	1,000,000	$10.23M	8.6%	$10.23	$10.21	0.0%	SHS	G9456A100
BXC	BLUELINX HLDGS INC	229,390	$8.99M	7.6%	$39.19	$16.86	+130.5%	COM NEW	09624H208
SWKH	SWK HLDGS CORP	565,368	$8.22M	6.9%	$14.54 *	$10.16	+11.0%	COM NEW	78501P203
—	HILL INTL INC	2,330,000	$7.456M	6.3%	$3.20	$2.30	—	COM	431466101
—	THE AARONS COMPANY INC	283,500	$7.28M	6.1%	$25.68	$25.68	—	COM	00258W108
MPC	MARATHON PETE CORP	128,630	$6.88M	5.8%	$53.49 *	$37.03	+20.5%	COM	56585A102
—	COREPOINT LODGING INC	652,503	$5.892M	5.0%	$9.03	$8.59	—	COM	21872L104
FENC	FENNEC PHARMACEUTICALS INC	800,000	$4.968M	4.2%	$6.21 *	$4.28	+75.7%	COM	31447P100
—	OAKTREE SPECIALTY LENDING CO	788,387	$4.888M	4.1%	$6.20	$4.38	—	COM	67401P108
LILAK	LIBERTY LATIN AMERICA LTD	340,000	$4.413M	3.7%	$12.98 *	$8.81	+36.6%	COM CL C	G9001E128
VST	VISTRA CORP	240,000	$4.243M	3.6%	$17.68	$17.90	0.0%	COM	92840M102
—	DONNELLEY R R & SONS CO	1,000,000	$4.06M	3.4%	$4.06	$4.06	—	COM	257867200
—	SAFEGUARD SCIENTIFICS INC	572,482	$3.904M	3.3%	$6.82	$6.45	—	COM NEW	786449207
LEE	LEE ENTERPRISES INC	145,297	$3.733M	3.1%	$25.69 *	$19.98	0.0%	COM	523768406
—	ENTERCOM COMMUNICATIONS CORP	684,473	$3.593M	3.0%	$5.25	$3.43	—	CL A	293639100
BWFG	BANKWELL FINL GROUP INC	127,623	$3.439M	2.9%	$26.95 *	$12.81	+58.1%	COM	06654A103
GIFI	GULF ISLAND FABRICATION INC	750,000	$2.895M	2.4%	$3.86	$3.88	-1.7%	COM	402307102
BBW	BUILD-A-BEAR WORKSHOP INC	329,921	$2.276M	1.9%	$6.90 *	$2.88	+80.7%	COM	120076104
—	PROCESSA PHARMACEUTICALS INC	200,000	$2.18M	1.8%	$10.90	$6.60	—	COM NEW	74275C205
—	STEEL CONNECT INC	799,368	$1.583M	1.3%	$1.98	$1.64	—	COM	858098106
—	GOLAR LNG PARTNERS LP	388,930	$1.357M	1.1%	$3.49	$3.37	—	COM UNIT LPI	Y2745C102
PBF	PBF ENERGY INC	80,000	$1.132M	1.0%	$14.15 *	$23.64	-49.5%	CL A	69318G106