UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

 

Amendment No. 2

 

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)

 

June 14, 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):

 

Jacob 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):

 

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:

 

0

8

Shared Voting Power:

 

710,006

9

Sole Dispositive Power:

 

0

10

Shared Dispositive Power:

 

710,006

11

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

710,006

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐

 

 

13

Percent of Class Represented by Amount in Row (11):

 

5.93%1

14

Type of Reporting Person (See Instructions):

 

IN

 

 

1 Based on 11,962,821 shares of Common Stock outstanding as of May 3, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2024.

 

 
 

 

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:

 

8,253

8

Shared Voting Power:

 

9

Sole Dispositive Power:

 

8,253

10

Shared Dispositive Power:

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

8,253

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%2

14

Type of Reporting Person (See Instructions):

 

PN

 

 

2 Based on 11,962,821 shares of Common Stock outstanding as of May 3, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2024.

 

 
 

 

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:

 

710,006

9

Sole Dispositive Power:

 

8,400

10

Shared Dispositive Power:

 

710,006

11

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

718,406

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐

 

 

13

Percent of Class Represented by Amount in Row (11):

 

6.00 %3

14

Type of Reporting Person (See Instructions):

 

IN

 

 

3 Based on 11,962,821 shares of Common Stock outstanding as of May 3, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2024.

 

 
 

 

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:

 

701,753

8

Shared Voting Power:

 

 

9

Sole Dispositive Power:

 

701,753

10

Shared Dispositive Power:

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

701,753

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐

 

 

13

Percent of Class Represented by Amount in Row (11):

 

5.87%4

14

Type of Reporting Person (See Instructions):

 

PN

 

 

4. Based on 11,962,821 shares of Common Stock outstanding as of May 3, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2024.

 

 
 

 

SCHEDULE 13D

 

Item 1. Security and Issuer.

 

This Amendment No.2 to 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 (“R. Shemer”)

iv. Jacob Shemer (“J. Shemer”)

 

  (b) The principal business address each of the Reporting Persons is 5 Arie Disenchik St., Tel Aviv, Israel, Zip Code 6935640

 

  (c) Alphabeta Ai is a Limited Partnership specializing in quantitative investment strategies. RPS Master is a Limited Partnership using quantitative and fundamental investment strategies. R. 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) R. Shemer is a citizen of Israel and the United States.
     
  (g)

J. Shemer is a citizen of Israel.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

Alphabeta Ai and RPS Master used working capital and R. 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: June 17, 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  

 

Jacob Shemer

 

/s/ Jacob Shemer  

 

 
 

 

SCHEDULE I

 

The following table lists all transactions completed by the Reporting Person in the Common Stock since April 8, 2024, which were all completed through open market purchases.

 

RPS Master – Investment Management RPS 2014 LP

 

Date  Shares bought   Price 
June 14, 2024   4835    15.5082 
June 14, 2024   500    15.43 
June 13, 2024   500    15.60588 
June 11, 2024   2360    15.5405 
June 10, 2024   1002    15.65792 
June 7, 2024   2615    15.66104 
June 6, 2024   1700    15.6135 
June 5, 2024   1500    15.65891 
June 4, 2024   2100    15.67859 
June 3, 2024   1100    15.95552 
May 31, 2024   4072    16.1519 
May 30, 2024   1526    15.90163 
May 29, 2024   8900    15.96515 
May 28, 2024   3000    16.3753 
May 24, 2024   1410    16.4626 
May 23, 2024   1400    16.4958 
May 22, 2024   3103    16.8848 
May 21, 2024   700    16.8757 
May 20, 2024   1100    16.96545 
May 17, 2024   5973    16.9632 
May 6, 2024   100    16.83 
April 30, 2024   1800    16.4467 
April 29, 2024   2400    16.43342 
April 26, 2024   553    16.4822 
April 25, 2024   1753    16.4605 
April 24, 2024   1560    16.44169 
April 22, 2024   200    16.7504 
April 17, 2024   1500    16.0809 
April 16, 2024   906    16.06737 
April 15, 2024   96    16.09 
April 12, 2024   1837    16.1079 
April 11, 2024   3003    16.12385 
April 10, 2024   11200    16.185 
April 9, 2024   3600    16.5738 
April 8, 2024   900    16.62331 
TOTAL         

 

Alphabeta AI Multi Strategy, LP

 

Date  Shares bought   Price 
June 5, 2024   300    15.6786 
June 3, 2024   200    15.99 
April 17, 2024   1500    16.09 
April 15, 2024   2500    16.08 
Total          

 

 

 

 

Exhibit 1

 

Joint Filing Agreement

 

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13D. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of March 25, 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  

 

Jacob Shemer  
   
/s/ Jacob Shemer  

 

 

 


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