There were 30 notable investor filings today. Eli Lilly & Co. (NYSE:LLY) is the largest company of interest.
Lilly Endowment Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 123,075,804 shares of Eli Lilly & Co. (NYSE:LLY). This represents 11.2 percent ownership of the company. Previously, Lilly Endowment Inc had reported owning 125,575,804 shares, indicating a decrease of -1.99 percent. Eli Lilly & Co. has declared a standard industrial code (sic) of 2834 which is the “Pharmaceutical Preparations” industry.
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.
Xerox Corp. (XRX) – Deason Darwin has filed a new SC 13D, reporting a 6.00% ownership stake in Xerox. This is a decrease of 1.32% from their previous filing.
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.
ShotSpotter, Inc. (SSTI) – Motorola Solutions, Inc. has filed a new SC 13G, reporting a 9.80% ownership stake in ShotSpotter.
CUI Global, Inc. (CUI) – Royce & Associates LLC has filed a new SC 13G, reporting a 5.71% ownership stake in CUI Global.
Amber Road, Inc. (AMBR) – Royce & Associates LLC has filed a new SC 13G, reporting a 6.74% ownership stake in Amber Road.
Forum Merger Corporation (FMCI) – K2 Principal Fund, L.p. has filed a new SC 13G, reporting a 8.02% ownership stake in Forum Merger.
Ormat Technologies, Inc. (ORA) – Clal Insurance Enterprises Holdings Ltd has filed a new SC 13G, reporting a 5.04% ownership stake in Ormat Technologies. This is an increase of 20.00% from their previous filing.
Roku Inc (ROKU) – Citadel Securities Llc has filed a new SC 13G, reporting a 5.60% ownership stake in Roku.
Pros Holdings, Inc. (PRO) – Conestoga Capital Advisors, LLC has filed a new SC 13G, reporting a 6.04% ownership stake in Pros Holdings.
Amended Activist Investor Filings
Walgreens Boots Alliance, Inc. (WBA) – Alliance Sante Participations S.A. has filed an amended Schedule 13D/A, reporting a 14.40% ownership stake in Walgreens Boots Alliance. This is an increase of 9.09% from their previous filing.
Barnes & Noble Education, Inc. (BNED) – Riggio Leonard has filed an amended Schedule 13D/A, reporting a 14.90% ownership stake in Barnes & Noble Education. This is a decrease of 5.70% from their previous filing.
Daily Journal Corp. (DJCO) – Guerin John Patrick Et Al has filed an amended Schedule 13D/A, reporting a 13.60% ownership stake in Daily Journal. This is a decrease of 6.21% from their previous filing.
Xtant Medical Holdings, Inc. (XTNT) – Orbimed Advisors Llc has filed an amended Schedule 13D/A, reporting a 13.82% ownership stake in Xtant Medical Holdings. This is an increase of 39.60% from their previous filing.
Peabody Energy Corporation (BTU) – Discovery Capital Management, LLC has filed an amended Schedule 13D/A, reporting a 4.40% ownership stake in Peabody Energy. This is a decrease of 22.81% from their previous filing.
Eyegate Pharmaceuticals Inc. (EYEG) – Ipsa (innoven Partenaires S.a.) has filed an amended Schedule 13D/A, reporting a 4.50% ownership stake in Eyegate Pharmaceuticals. This is a decrease of 26.23% from their previous filing.
Safety, Income & Growth Inc. (SAFE) – Istar Inc. has filed an amended Schedule 13D/A, reporting a 38.60% ownership stake in Safety, Income & Growth. This is an increase of 2.39% from their previous filing.
HomeStreet, Inc. (HMST) – Roaring Blue Lion Capital Management, L.P. has filed an amended Schedule 13D/A, reporting a 5.50% ownership stake in HomeStreet. This is an increase of 1.85% from their previous filing.
1347 Property Insurance Holdings, Inc. (PIH) – Kingsway Financial Services Inc has filed an amended Schedule 13D/A, reporting an updated ownership stake in 1347 Property Insurance Holdings.
ZAIS Group Holdings, Inc. (ZAIS) – d.Quant Special Opportunities Fund, LP has filed an amended Schedule 13D/A, reporting a 65.80% ownership stake in ZAIS Group Holdings. This is a decrease of 0.60% from their previous filing.
Amended Passive Investor Filings
Adamas Pharmaceuticals, Inc. (ADMS) – Integrated Core Strategies (us) Llc has filed an amended Schedule 13D/A, reporting a 4.70% ownership stake in Adamas Pharmaceuticals. This is a decrease of 16.07% from their previous filing.
Bowl America, Inc. (BWL.A) – Royce & Associates LLC has filed an amended Schedule 13D/A, reporting a 12.84% ownership stake in Bowl America. This is a decrease of 0.47% from their previous filing.
iPass, Inc. (IPAS) – Leviticus Partners L P has filed an amended Schedule 13D/A, reporting a 4.42% ownership stake in iPass. This is a decrease of 18.45% from their previous filing.
CPI Aerostructures, Inc. (CVU) – Royce & Associates LLC has filed an amended Schedule 13D/A, reporting a 7.12% ownership stake in CPI Aerostructures. This is a decrease of 0.84% from their previous filing.
Children’s Place, Inc. (The) (PLCE) – Royce & Associates LLC has filed an amended Schedule 13D/A, reporting a 6.33% ownership stake in Children’s Place. This is an increase of 4.11% from their previous filing.
Capella Education Co. (CPLA) – Royce & Associates LLC has filed an amended Schedule 13D/A, reporting a 6.81% ownership stake in Capella Education Co.. This is a decrease of 4.89% from their previous filing.
Ames National Corp. (ATLO) – Royce & Associates LLC has filed an amended Schedule 13D/A, reporting a 5.47% ownership stake in Ames National. This is a decrease of 26.08% from their previous filing.
Aviat Networks, Inc. (AVNW) – Royce & Associates LLC has filed an amended Schedule 13D/A, reporting a 7.02% ownership stake in Aviat Networks. This is a decrease of 6.02% from their previous filing.
Bassett Furniture Industries, Inc. (BSET) – Royce & Associates LLC has filed an amended Schedule 13D/A, reporting a 12.00% ownership stake in Bassett Furniture Industries. This is an increase of 15.83% from their previous filing.
Eli Lilly & Co. (LLY) – Lilly Endowment Inc has filed an amended Schedule 13D/A, reporting a 11.20% ownership stake in Eli Lilly & Co.. This is a decrease of 1.75% from their previous filing.
Intricon Corp. (IIN) – Corrib Capital Management, L.p. has filed an amended Schedule 13D/A, reporting a 1.70% ownership stake in Intricon. This is a decrease of 85.09% from their previous filing.
MagneGas Corp. (MNGA) – Alpha Capital Anstalt has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in MagneGas. This is a decrease of 100.00% from their previous filing.
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