There were 21 notable investor filings today. Fortress Investment Group (FIG) is the largest company of interest, with a market cap of $3B USD.
When a person or group of persons acquires beneficial ownership of more than 5% of a company’s equity securities, they are required to file a Schedule 13D or 13G with the SEC. If these groups intend to influence management into changing the business strategy, they are considered “activist” investors. There is considerable academic research that suggest activist investors contribute to excess returns in equities in the subsequent twelve months after the event.
Investors that acquire 10% or more of a company's shares, or that gain a board seat, are considered insiders by the SEC and are subject to stricter insider trading filing requirements.
New Activist Investor Filings
Investors that acquire more than 5% of the shares of a company and intend to influence management are considered activist investors and must file a 13D.
DGSE Companies, Inc. (DGSE) - Truscott Capital, Llc has filed a new SC 13D, reporting a 49.50% ownership stake in DGSE Companies.
TimkenSteel Corporation (TMST) - Gamco Investors, Inc. Et Al has filed a new SC 13D, reporting a 3.16% ownership stake in TimkenSteel.
Ruby Tuesday, Inc. (RT) - Rti Holding Company, Llc has filed a new SC 13D, reporting a 100.00% ownership stake in Ruby Tuesday.
New Passive Investor Filings
Investors that acquire more than 5% of the shares of a company but have no intention of influencing management are considered passive investors and must file a 13G.
Akers Biosciences Inc. (AKER) - Bigger Capital Fund L P has filed a new SC 13G, reporting a 8.00% ownership stake in Akers Biosciences.
support.com, Inc. (SPRT) - Farwell Grosvenor Nicholas has filed a new SC 13G, reporting a 6.70% ownership stake in support.com.
Mannatech, Inc. (MTEX) - Rameson Tyler has filed a new SC 13G, reporting a 9.70% ownership stake in Mannatech. This is an increase of 14.12% from their previous filing.
Amended Activist Investor Filings
Emergent Capital, Inc. (EMG) - Knapp Robert C has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Emergent Capital.
DGSE Companies, Inc. (DGSE) - Ntr Metals, Llc has filed an amended Schedule 13D/A, reporting a 23.60% ownership stake in DGSE Companies. This is a decrease of 52.42% from their previous filing.
Institutional Financial Markets, Inc. (IFMI) - Ricciardi Christopher has filed an amended Schedule 13D/A, reporting a 9.88% ownership stake in Institutional Financial Markets. This is an increase of 37.22% from their previous filing.
Insignia Systems, Inc. (ISIG) - Biglari Capital Corp. has filed an amended Schedule 13D/A, reporting a 15.50% ownership stake in Insignia Systems. This is a decrease of 13.89% from their previous filing.
Eyegate Pharmaceuticals Inc. (EYEG) - Ipsa (innoven Partenaires S.a.) has filed an amended Schedule 13D/A, reporting a 6.10% ownership stake in Eyegate Pharmaceuticals. This is a decrease of 15.28% from their previous filing.
Reeds, Inc. (REED) - Raptor/harbor Reeds Spv Llc has filed an amended Schedule 13D/A, reporting a 27.60% ownership stake in Reeds. This is an increase of 63.02% from their previous filing.
MGC Diagnostics Corp. (MGCD) - Gamco Investors, Inc. Et Al has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in MGC Diagnostics. This is a decrease of 100.00% from their previous filing.
Sit Rising Rate ETF (RISE) - Sit Investment Associates Inc has filed an amended Schedule 13D/A, reporting a 88.55% ownership stake in Sit Rising Rate ETF. This is an increase of 4.15% from their previous filing.
Intrexon Corp. (XON) - Kirk Randal J has filed an amended Schedule 13D/A, reporting a 47.40% ownership stake in Intrexon.
Amplify Snack Brands, Inc. (BETR) - Hershey Co has filed an amended Schedule 13D/A, reporting an updated ownership stake in Amplify Snack Brands.
Amended Passive Investor Filings
Bellerophon Therapeutics, Inc. (BLPH) - Linde North America, Inc. has filed an amended Schedule 13D/A, reporting a 9.55% ownership stake in Bellerophon Therapeutics. This is a decrease of 22.98% from their previous filing.
K2M Group Holdings, Inc. (KTWO) - Welsh, Carson, Anderson & Stowe XI, L.P. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in K2M Group Holdings. This is a decrease of 100.00% from their previous filing.
Fortress Investment Group LLC (FIG) - Jp Morgan Chase & Co has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Fortress Investment Group. This is a decrease of 100.00% from their previous filing.
iPass, Inc. (IPAS) - Leviticus Partners L P has filed an amended Schedule 13D/A, reporting a 5.42% ownership stake in iPass. This is a decrease of 15.84% from their previous filing.
The Joint Corp. (JYNT) - Sanders Morris Harris Inc. has filed an amended Schedule 13D/A, reporting a 17.44% ownership stake in Joint. This is an increase of 45.33% from their previous filing.
Fintel provides free investor tools for data driven investors. See all new activist filings at Fintel.io/activists and new 13F filings at Fintel.io/latest-13f-filings.
