Caspian Capital LP has current portfolio value of $278 million with Dynegy Inc. (NYSE:DYN), Ally Financial Inc (NYSE:ALLY), Globalstar, Inc. (NYSEMKT:GSAT) as its primary stock holdings. According to its recent SEC 13F filing on October 30, the company has its primary investments in Utilities & Communications and Transport industry.
Dynegy Inc. (NYSE:DYN) is the largest stock holding of Caspian Capital LP, which owns 2,703,955 shares of the company at current market value of $59 million. Dynegy Inc. (NYSE:DYN) reported its third quarter 2014 with consolidated adjusted EBITDA of $90 million and adjusted EBITDA guidance of $330 million to $360 million for fiscal 2014. Some of the primary investors of the company include Oaktree Capital Management, Avenue Capital, and Luminus Management.
Ally Financial Inc (NYSE:ALLY) comes at number two in terms of the largest stock holdings of Caspian Capital LP with 2,265,530 shares of the company at current market value of $52 million. Ally Financial Inc (NYSE:ALLY) reported net income of $423 million in its third quarter 2014 with majority of consumer auto originations at $11.8 billion. The growth in auto lending sector helped the company improve its profit margins. As of now, the shares of Ally Financial Inc (NYSE:ALLY) are trading at $23.46 with P/E ratio of 66.13.
Globalstar, Inc. (NYSEMKT:GSAT) is the third largest stock holding of Caspian Capital LP, which owns 10,217,395 shares of the company at current market value of $37 million. Globalstar, Inc. (NYSEMKT:GSAT) reported net revenue of $23.4 million along with net income of $129.4 million during third quarter 2014. Steelhead Partners, York Capital Management, and Litespeed Management are some of the primary investors of Globalstar, Inc. (NYSEMKT:GSAT). The shares of Globalstar are trading at $2.97 along with net market capitalization of $2.54 billion and 32% institutional ownership. The stocks of Globalstar, Inc. (NYSEMKT:GSAT) have increased 69.71% year-to-date.
This article has been written by Prakash Pandey.
