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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Prudenital Bancorp Inc of Pennsylvania | NASDAQ:PBIP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.13 | 14.63 | 16.08 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
PRUDENTIAL BANCORP, INC.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
74431A101
(CUSIP Number)
Warren A. Mackey
17 State Street, Suite 3330
New York, New York 10004
(212) 370-9032
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 8, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
This Document contains 8 pages.
Name of Reporting Persons Homestead Partners LP Check the Appropriate Box if a
Member of a Group (a) ☒ (b) ☐ SEC Use Only Source of funds (See
Instructions) WC Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐ Citizenship or Place of
Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With Sole Voting Power 0 Shared Voting Power 358,205 Sole Dispositive Power 0 Shared Dispositive Power 358,205 Aggregate Amount Beneficially Owned by Each Reporting Person 358,205 Check if the Aggregate Amount in
Row (11) Excludes Certain Shares ☐ Percent of Class Represented by
Amount in Row (11) 4.6% Type of Reporting Person PN
Name of Reporting Persons Arles Partners LP Check the Appropriate Box if a
Member of a Group (a) ☒ (b) ☐ SEC Use Only Source of funds (See
Instructions) WC Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐ Citizenship or Place of
Organization New
York Number of Shares Beneficially Owned by Each Reporting Person With Sole Voting Power 0 Shared Voting Power 158,696 Sole Dispositive Power 0 Shared Dispositive Power 158,696 Aggregate Amount Beneficially Owned by Each Reporting Person 158,696 Check if the Aggregate Amount in
Row (11) Excludes Certain Shares ☐ Percent of Class Represented by
Amount in Row (11) 2.0% Type of Reporting Person PN
Name of Reporting Persons Arles Advisors Inc Check the Appropriate Box if a
Member of a Group (a) ☒ (b) ☐ SEC Use Only Source of funds (See
Instructions) n/a Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐ Citizenship or Place of
Organization New
York Number of Shares Beneficially Owned by Each Reporting Person With Sole Voting Power 0 Shared Voting Power 516,901 Sole Dispositive Power 0 Shared Dispositive Power 516,901 Aggregate Amount Beneficially Owned by Each Reporting Person 516,901 Check if the Aggregate Amount in
Row (11) Excludes Certain Shares ☐ Percent of Class Represented by
Amount in Row (11) 6.7% Type of Reporting Person CO
Name of Reporting Persons Warren A. Mackey Check the Appropriate Box if a
Member of a Group (a) ☒ (b) ☐ SEC Use Only Source of funds (See
Instructions) PF Check if Disclosure of Legal
Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐ Citizenship or Place of
Organization United States of
America Number of Shares Beneficially Owned by Each Reporting Person With Sole Voting Power 38,618 Shared Voting Power 516,901 Sole Dispositive Power 38,618 Shared Dispositive Power 516,901 Aggregate Amount Beneficially Owned by Each Reporting Person 555,519 Check if the Aggregate Amount in
Row (11) Excludes Certain Shares ☐ Percent of Class Represented by
Amount in Row (11) 7.2% Type of Reporting Person IN
Item 1. Security and Issuer This second amendment (the Second Amendment) to the Schedule 13D filed with the Securities and Exchange Commission
(the SEC) on October 28, 2013 and amended by the first amendment filed with the SEC on February 12, 2014 (the Schedule 13D), relates to the common stock (Shares), $0.01 par value per share, of Prudential
Bancorp, Inc. (the Issuer), a Pennsylvania corporation. The address of the principal executive offices of the Issuer is 1834 West Oregon Avenue, Philadelphia, Pennsylvania 19145. Except as specifically provided herein, this Second
Amendment does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration In the aggregate, the Reporting Group owns 555,519 Shares acquired at an aggregate cost of $6,710,348, including brokerage
commissions. The Shares acquired by the Reporting Group were purchased with funds provided from working capital and, with
regard to the Shares purchased by Warren A. Mackey, from his personal funds. All or part of the Shares owned by members of the Reporting Group may from time to time be pledged with J.P. Morgan Clearing Corporation or other banking institutions or
brokerage firms as collateral for loans made by such entities to members of the Reporting Group. Such loans, if any, generally bear interest at a rate based on the federal funds rate plus a margin. Such indebtedness, if any, may be refinanced with
other banking institutions or brokerage firms. Item 4. Purpose of Transaction Item 4 of the Schedule 13D is hereby supplemented by adding the following paragraph: The Reporting Group is filing this Second Amendment to report the sale of 175,000 Shares on March 8, 2022. Item 5. Interest in Securities of the Issuer (a) The aggregate percentage of Shares reported owned by each person named herein is based upon 7,769,387 Shares stated to be
outstanding by the Issuer as disclosed in the Issuers Quarterly Report on Form 10-Q for the period ended December 31, 2021. As of the close of business on March 9, 2022, the Reporting Group owned, in the aggregate, 555,519 Shares, representing
approximately 7.2% of the Issuers Shares outstanding. As the general partner of Homestead Partners and Arles Partners, Arles Advisors may be deemed to beneficially own the 516,901 Shares owned by Homestead Partners and Arles Partners
representing approximately 6.7% of the Issuers Shares outstanding. As the sole shareholder, director and executive officer of Arles Advisors, Warren A. Mackey may be deemed to beneficially own the Shares owned by Homestead Partners and Arles
Partners. Mr. Mackey individually and as the person with the sole investment discretion and voting authority for himself may be deemed to beneficially own 38,618 Shares representing approximately 0.5% of the Issuers outstanding Shares.
(b) By virtue of his positions with Homestead Partners, Arles Partners and Arles Advisors, as well as the sole investment
discretion and voting authority for himself, Mr. Mackey has the sole authority to vote and dispose the Shares reported in this Schedule 13D. (c) Exhibit B annexed hereto lists all transactions in the Shares during the past 60 days by the Reporting Group. All Shares
reported herein were sold in the open market. Item 7. Material to be Filed as Exhibits A. Joint Filing Agreement by and among the Reporting Group (previously filed with the Schedule 13D) B. Schedule of Transactions in the Shares
SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this
statement is true, complete and correct. Dated: March 10, 2022 /s/ Warren A. Mackey /s/ Warren A. Mackey /s/ Warren A. Mackey /s/ Warren A. Mackey
EXHIBIT B Schedule of Transactions in the Shares Within the Past 60 Days Date Shares Price* Amount* Total Includes brokerage commissions.
CUSIP No. 74431A101
SCHEDULE 13D
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CUSIP No. 74431A101
SCHEDULE 13D
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CUSIP No. 74431A101
SCHEDULE 13D
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CUSIP No. 74431A101
SCHEDULE 13D
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CUSIP No. 74431A101
SCHEDULE 13D
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HOMESTEAD PARTNERS LP
By: ARLES ADVISORS INC, General Partner
By:
Warren A. Mackey, President
ARLES PARTNERS LP
By: ARLES ADVISORS INC, General Partner
By:
Warren A. Mackey, President
ARLES ADVISORS INC
By:
Warren A. Mackey, President
WARREN A. MACKEY
Warren A. Mackey
CUSIP No. 74431A101
SCHEDULE 13D
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Homestead Partners LP
3/08/2022
150,000
$16.35
$2,452,477
3/08/2022
25,000
16.42
410,585
175,000
$2,863,063
*
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