ARC's shares surged to $6.80 mid-day today; let's take a quick look at Stadium Capital's investment in ARC

I noticed a few minutes ago that ARC’s shares were trading at $6.80 early this afternoon.

I’ve done several previous posts on the blog about Stadium Capital’s aggressive accumulation of ARC shares, from August 23^rd until now, after Stadium Capital first did an SEC Form 4 filling to indicate that they owned 10% or more of ARC’s stock.

Here’s a quick look at Stadium Capital’s (unrealized) gain on its investment in ARC shares since August 23^rd. Note that the table below only considers the shares that Stadium Capital has purchased since August 23^rd, 2011. Stadium Capital owns another huge slug of ARC stock that it purchased before August 23^rd, and Stadium Capital’s cost-per-share for its prior purchases – purchases before August 23^rd - might be over or under the price-per-share that ARC’s stock was trading at today.

Number of shares purchased	746,418
ARC stock price afternoon of Feb 6th	$ 6.80
Value of these shares	$ 5,075,642
Cost of these shares	$ (2,869,279)
Unrealized gain, as of today	$ 2,206,363