- Associated Press - Wednesday, April 22, 2015

NEW YORK (AP) - Shares of nutritional supplement seller Vitamin Shoppe jumped Wednesday after the asset management firm Carlson Capital said it has boosted its stake in the company.

Carlson Capital LP disclosed ownership of about 1.6 million shares of Vitamin Shoppe, giving it a 5.3 percent stake in the company. According to FactSet that would make it Vitamin Shoppe’s fourth-largest shareholder.

In a form filed with the Securities and Exchange Commission, Clint Carlson’s firm said it has had discussions with Vitamin Shoppe’s board about business, management, strategic alternatives, and the direction of the company. Carlson Capital said it will continue to discuss those issues and may take other steps to bring about changes that would create value for shareholders.

Vitamin Shoppe Inc. shares rose $5.54, or 14.2 percent, to $44.50 on Wednesday.

The company’s shares have fallen 20 percent in 2015. Vitamin Shoppe said in February that fourth-quarter sales weren’t as strong as it expected, partly because of lower sales of some weight-loss products, and that growth in the vitamins, minerals and supplements industry has slowed down.

The company’s net income fell 8 percent in 2014, and revenue grew 12 percent to $1.21 billion. Vitamin Shoppe expects its revenue to grow 10 percent in 2015.

Clint Carlson’s company has owned stake in Vitamin Shoppe since mid-2013. It owned about 670,000 shares of the North Bergen, New Jersey-based company at the end of 2014. Among many other companies, Carlson Capital owns stakes in bank holding company KeyCorp, refiner Valero Energy Corp., oil company Cobalt International Energy Inc., and real estate investment trust American Realty Capital Properties Inc.

The largest shareholder in Vitamin Shoppe is Eagle Asset Management, owner of an 11.8 percent stake in the company.

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