Proxy advisory firm Institutional Shareholder Services has advised the shareholders of Walter Energy (NYSE:WLT) to vote for its slate of board nominees, over the submissions from activist investor firm Audley Capital. The backing from ISS is a major boon for Walter, which as been battling Audley for two months, and the british hedge fund company is trying to replace half of Walter’s board with its own nominees. The vote is due to be cast on April 25. Walter has deemed the firms actions as a “hit and run” approach, designed to nail a quick profit without much consideration for long-term health.
These institutional firms indicated owning shares of Walter Energy, Inc. in Q1 2013. They reported owning a total of 238,657 shares on 03/31/2013. The shares closed at $28.50 on 03/31/2013.
Here are the six largest positions in Walter Energy, Inc. at the end of March 31st, 2013.
Nexus Investment Management Inc. held 163,820 shares on 03/31/2013 worth $5,274,000. This brought the portfolio total to 1.27%.
Parametric Portfolio Associates LLC held 27,239 shares on 03/31/2013 worth $776,312.
Catawba Capital Management held 12,080 shares on 03/31/2013 worth $344,000. This brought the portfolio total to 0.1%.
Creative Planning held 2,085 shares on 03/31/2013 worth $59,000.
Shell Asset Management Co held 494 shares on 03/31/2013 worth $14,000.
Tower Research Capital LLC held 400 shares on 03/31/2013 worth $11,000.
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