Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Parke Bancorp, Inc.
(Name of Issuer)
Common Stock, par value $0.10 per share
(Title of Class of Securities)
700885106
(Cusip Number)
Geoffrey R. Morgan
Croke Fairchild Duarte & Beres LLC
180 N. LaSalle Street, Suite 3400
Chicago, IL 60601
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 28, 2024
(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 Rule 13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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).
SCHEDULE 13D
CUSIP No. 700885106
| 1 | Name of Reporting Person: I.R.S. Identification Nos. of Above Person (entities only):
Alphabeta AI Multi Strategy, LP |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☐
|
| 3 | SEC Use Only:
|
| 4 | Source of Funds (See Instruction):
WC |
| 5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ☐
|
| 6 | Citizenship or Place of Organization:
Cayman Islands |
Number of Shares Beneficially Owned by Each Reporting Person With |
7 | Sole Voting Power:
3,753 |
| 8 | Shared Voting Power:
— | |
| 9 | Sole Dispositive Power:
3,753 | |
| 10 | Shared Dispositive Power:
— |
| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person:
3,753 |
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
| 13 | Percent of Class Represented by Amount in Row (11):
Less than 1%1 |
| 14 | Type of Reporting Person (See Instructions):
PN |
1 Based on 11,946,671 shares of Common Stock outstanding as of November 6, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.
SCHEDULE 13D
CUSIP No. 700885106
| 1 | Name of Reporting Person: I.R.S. Identification Nos. of Above Person (entities only):
RPS Master – Investment Management RPS 2014 LP |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☐
|
| 3 | SEC Use Only:
|
| 4 | Source of Funds (See Instruction):
WC |
| 5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ☐
|
| 6 | Citizenship or Place of Organization:
Israel |
Number of Shares Beneficially Owned by Each Reporting Person With |
7 | Sole Voting Power:
605,814 |
| 8 | Shared Voting Power:
— | |
| 9 | Sole Dispositive Power:
605,814 | |
| 10 | Shared Dispositive Power:
— |
| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person:
605,814 |
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
| 13 | Percent of Class Represented by Amount in Row (11):
5.07 %2 |
| 14 | Type of Reporting Person (See Instructions):
PN |
2 Based on 11,946,671 shares of Common Stock outstanding as of November 6, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.
SCHEDULE 13D
CUSIP No. 700885106
| 1 | Name of Reporting Person: I.R.S. Identification Nos. of Above Person (entities only):
Ron Shemer |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☐
|
| 3 | SEC Use Only:
|
| 4 | Source of Funds (See Instruction):
PF |
| 5 | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ☐
|
| 6 | Citizenship or Place of Organization:
Israel and United States |
Number of Shares Beneficially Owned by Each Reporting Person With |
7 | Sole Voting Power:
8,400 |
| 8 | Shared Voting Power:
609,567 | |
| 9 | Sole Dispositive Power:
8,400 | |
| 10 | Shared Dispositive Power:
609,567 |
| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person:
617,967 |
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
| 13 | Percent of Class Represented by Amount in Row (11):
5.17%3 |
| 14 | Type of Reporting Person (See Instructions):
IN |
3 Based on 11,946,671 shares of Common Stock outstanding as of November 6, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.
SCHEDULE 13D
Item 1. Security and Issuer.
This Schedule 13D (this “Schedule 13D”) relates to the Class A Common Stock (the “Common Stock”) of Parke Bancorp., a New Jersey corporation (the “Issuer” or “Registrant”). The address of the principal executive offices of the Issuer is 601 Delsea Drive, Washington Township, New Jersey 08080, and its telephone number is 856-256-2500.
Item 2. Identity and Background.
| (a) | This Schedule 13D is being filed by the following persons (each, a “Reporting Person”): |
i. Alphabeta AI Multi Strategy, LP (“Alphabeta AI”)
ii. RPS Master Investment Management RPS 2014 LP (“RPS Master”)
iii. Ron Shemer (“Mr. Shemer”)
| (b) | The principal business address each of the Reporting Persons is 5 Arie Disenchik St., Tel Aviv, Israel, Zip Code 6935640 |
| Alphabeta Ai is a Limited Partnership specializing in quantitative investment strategies. RPS Master is a Limited Partnership using quantitative and fundamental investment strategies. Mr. Shemer is the Chairman of the General Partners of the Reporting Persons. |
Present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted;
| (d) | The Reporting Persons have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years. | |
| (e) | During the last five years, the Reporting Persons have not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. | |
| (f) | Mr. Shemer is a citizen of Israel and the United States. |
Item 3. Source and Amount of Funds or Other Consideration.
Alphabeta Ai and RPS Master used working capital and Mr. Shemer used personal funds to make the purchases of Common Stock listed on Schedule I hereto.
Item 4. Purpose of Transaction.
The Reporting Persons hold the Common Stock of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Persons may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Persons in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Person to other entities. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons’ review of numerous factors, including, among other things, the price levels of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, investor’s need for liquidity, and other future developments. Any future acquisitions of Common Stock will be subject to the Company’s policies, including its insider trading policy, as applicable.
Except as set forth above, the Reporting Persons have no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interests in Securities of the Issuer
(a,b) For information regarding beneficial ownership, see the information presented on the cover page of this Schedule 13D.
(c) Schedule I sets forth the transactions in the Common Stock effected by the Reporting Persons during the past 60 days.
(d) Not applicable
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Not applicable.
Item 7. Exhibits
Exhibit Number |
Description | |
| 1 | Joint Filing Agreement. |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: March 5, 2024
Alphabeta Ai Multi Strategy, LP
| By: | Alpha Beta Hedge Funds Ltd. | |
| Its: | General Partner |
| By: | /s/ Ron Shemer | |
| Name: | Ron Shemer | |
| Title: | Chairman |
RPS Master – Investment Management RPS 2014 LP
| By: | RPS Hedge Ltd. | |
| Its: | General Partner |
| By: | /s/ Ron Shemer | |
|
Name: |
Ron Shemer | |
| Title: | Chairman |
Ron Shemer
| /s/ Ron Shemer |
SCHEDULE I
The following table lists all transactions completed by the Reporting Person in the Common Stock since January 10, 2024, which were all completed through open market purchases.
RPS Master – Investment Management RPS 2014 LP
| Date | Shares bought | Price | ||||||
| March 4, 2024 | 1600 | 16.21826 | ||||||
| February 29, 2024 | 4317 | 17.18158 | ||||||
| February 28, 2024 | 5300 | 16.89073208 | ||||||
| February 27, 2024 | 3000 | 16.79698 | ||||||
| February 26, 2024 | 6600 | 16.47959 | ||||||
| February 16, 2024 | 100 | 17.22 | ||||||
| February 13, 2024 | 1500 | 16.27776 | ||||||
| February 9, 2024 | 500 | 17.001 | ||||||
| February 7, 2024 | 100 | 17.14 | ||||||
| February 6, 2024 | 900 | 17.34488333 | ||||||
| February 5, 2024 | 2300 | 17.66434783 | ||||||
| February 2, 2024 | 100 | 18.5 | ||||||
| February 1, 2024 | 2600 | 17.67750385 | ||||||
| January 25, 2024 | 200 | 18.91 | ||||||
| January 23, 2024 | 100 | 18.87 | ||||||
| January 17, 2024 | 1334 | 17.4821 | ||||||
| January 16, 2024 | 1000 | 17.884 | ||||||
| January 12, 2024 | 2302 | 18.04596004 | ||||||
| January 11, 2024 | 2843 | 18.21884277 | ||||||
| January 10, 2024 | 1100 | 18.64152727 | ||||||
| TOTAL | 37796 | — | ||||||