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 |
| |
(c) |
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
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
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 | | |
| — | |
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 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
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