Stocks

Genocea Biosciences, Inc. (GNCA) gets new 8.9% owner; Arena Pharmaceuticals, Inc. (ARNA) gets increased ownership of 1.3%

BlackRock Inc. has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,107,925 shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). This represents 7.9 percent ownership of the company. Previously, BlackRock Inc. had reported owning 18,924,133 shares, indicating a decrease of -83.58 percent. Arena Pharmaceuticals, Inc. has declared a standard industrial code (sic) of 2834 which is the “Pharmaceutical Preparations” industry.

Biotechnology Value Fund L P has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 7,500,000 shares of Genocea Biosciences, Inc. (NASDAQ:GNCA). This represents 8.9 percent ownership of the company. Genocea Biosciences, Inc. has declared a standard industrial code (sic) of 2836 which is the “Biological Products, Except Diagnostic Substances (Biotech)” 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.

Penn VA Corp New (PVAC) – KLS Diversified Asset Management LP has filed a new SC 13D, reporting a 7.80% ownership stake in Penn VA Corp. This is an increase of 1.30% from their previous filing.

Performant Financial Corp (PFMT) – Mill Road Capital II, L.P. has filed a new SC 13D, reporting a 6.80% ownership stake in Performant Financial.

Recon Technology, Ltd. (RCON) – Bi Yongquan has filed a new SC 13D, reporting a 16.40% ownership stake in Recon Technology.

Bravo Brio Restaurant Group, Inc. (BBRG) – Phr Holdings, Llc has filed a new SC 13D, reporting a new ownership stake in Bravo Brio Restaurant Group.

Five Oaks Investment Corp. (OAKS) – Hunt Companies Equity Holdings, Llc has filed a new SC 13D, reporting a 9.50% ownership stake in Five Oaks Investment.

Safeguard Scientifics, Inc. (SFE) – Horton Capital Management, Llc has filed a new SC 13D, reporting a 5.00% ownership stake in Safeguard Scientifics.

Antero Resources Corporation (AR) – SailingStone Capital Partners LLC has filed a new SC 13D, reporting a 11.08% ownership stake in Antero Resources. This is an increase of 7.57% from their previous filing.

A10 Networks, Inc. (ATEN) – VIEX Capital Advisors, LLC has filed a new SC 13D, reporting a 5.20% ownership stake in A10 Networks.

Amended Activist Investor Filings

ServiceSource International, Inc. (SREV) – Altai Capital Management, L.P. has filed an amended Schedule 13D/A, reporting a 4.20% ownership stake in ServiceSource International. This is a decrease of 25.27% from their previous filing.

Key Technology, Inc. (KTEC) – Harbert Microcap Partners Fund, Lp has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Key Technology. This is a decrease of 100.00% from their previous filing.

Esperion Therapeutics, Inc. (ESPR) – Domain Parters Vii L P has filed an amended Schedule 13D/A, reporting a 4.20% ownership stake in Esperion Therapeutics. This is a decrease of 44.00% from their previous filing.

Dorian LPG Ltd. (LPG) – BW Group Ltd has filed an amended Schedule 13D/A, reporting a 14.20% ownership stake in Dorian LPG. This is an increase of 37.86% 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.

Andeavor Corp. (ANDV) – BlackRock Inc. has filed a new SC 13G, reporting a 6.90% ownership stake in Andeavor. This is a decrease of 9.21% from their previous filing.

Arena Pharmaceuticals, Inc. (ARNA) – BlackRock Inc. has filed a new SC 13G, reporting a 7.90% ownership stake in Arena Pharmaceuticals. This is an increase of 1.28% from their previous filing.

Coherus BioSciences, Inc. (CHRS) – BlackRock Inc. has filed a new SC 13G, reporting a 5.50% ownership stake in Coherus BioSciences. This is a decrease of 3.51% from their previous filing.

American Homes 4 Rent (AMH) – BlackRock Inc. has filed a new SC 13G, reporting a 5.80% ownership stake in American Homes 4 Rent. This is an increase of 7.41% from their previous filing.

Delek US Holdings, Inc. (DK) – BlackRock Inc. has filed a new SC 13G, reporting a 6.30% ownership stake in Delek US Holdings. This is an increase of 3.28% from their previous filing.

Genocea Biosciences, Inc. (GNCA) – Biotechnology Value Fund L P has filed a new SC 13G, reporting a 8.90% ownership stake in Genocea Biosciences.

Catalyst Biosciences Inc. (CBIO) – Venrock Healthcare Capital Partners Ii, L.p. has filed a new SC 13G, reporting a 5.40% ownership stake in Catalyst Biosciences.

Inspired Entertainment, Inc. (INSE) – Park West Asset Management LLC has filed a new SC 13G, reporting a 9.30% ownership stake in Inspired Entertainment.

Appian Corp. (APPN) – New Enterprise Associates 14, L.P. has filed a new SC 13G, reporting a 19.80% ownership stake in Appian.

Mulesoft, Inc. (MULE) – New Enterprise Associates 14, L.P. has filed a new SC 13G, reporting a 17.70% ownership stake in Mulesoft.

Herbalife Ltd. (HLF) – D. E. Shaw & Co, L.p. has filed a new SC 13G, reporting a 5.40% ownership stake in Herbalife.

Quorum Health Corporation (QHC) – Goldman Sachs Group Inc has filed a new SC 13G, reporting a 8.70% ownership stake in Quorum Health.

ARI Network Services, Inc. (ARIS) – Cowen Prime Services LLC has filed a new SC 13G, reporting a 0.00% ownership stake in ARI Network Services. This is a decrease of 100.00% from their previous filing.

Aquantia Corp. (AQ) – Globalfoundries U.s. Inc. has filed a new SC 13G, reporting a 7.90% ownership stake in Aquantia.

Blucora, Inc. (BCOR) – First Trust Portfolios Lp has filed a new SC 13G, reporting a 5.16% ownership stake in Blucora. This is an increase of 25.85% from their previous filing.

Tucows, Inc. (TCX) – Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv has filed a new SC 13G, reporting a 9.20% ownership stake in Tucows.

PetIQ, Inc. (PETQ) – Santana Will has filed a new SC 13G, reporting a 8.20% ownership stake in PetIQ.

PetIQ, Inc. (PETQ) – Pecoraro Kenneth has filed a new SC 13G, reporting a 8.20% ownership stake in PetIQ.

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