Pep Boys Now Pursued By Two Hedge Funds

In an amended 13D filing on Pep Boys (PBY), Barington Capital/James Mitarotonda disclosed a 8.1% (4.4 million shares) in the company. The fund said, "Since October 2, 2006 Barington Companies Equity Partners, L.P., Barington Companies Offshore Fund, Ltd., Barington Investments L.P. and RJG Capital Partners, L.P. purchased an aggregate of 545,900 shares of Common Stock."

Yesterday, Pirate Capital disclosed it raised its stake in Pep Boys to 11.7%.

Related: Pirate Capital Takes Serious Stake in Pep Boys