There were 30 notable investor filings today. LyondellBasell Industries NV (NTSE:LYB) is the largest company of interest.
Ai International Chemicals S.a.r.l. has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 71,593,367 shares of LyondellBasell Industries NV (NYSE:LYB). This represents 18.15 percent ownership of LyondellBasell Industries NV. Previously, Ai International Chemicals S.a.r.l. had reported owning 73,443,367 shares, indicating a decrease of -2.52 percent. LyondellBasell Industries NV has declared a standard industrial code (sic) of 286 which is the “Industrial Organic Chemicals” 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.
Aradigm Corp. (ARDM) – Grifols SA has filed a new SC 13D, reporting a 14.40% ownership stake in Aradigm. This is a decrease of 70.19% from their previous filing.
Alphatec Holdings, Inc. (ATEC) – Miles Patrick has filed a new SC 13D, reporting a 9.10% ownership stake in Alphatec Holdings.
Galena Biopharma, Inc. (GALE) – Stergiou Angelos M. has filed a new SC 13D, reporting a new ownership stake in Galena Biopharma.
International Seaways, Inc. (INSW) – cobas asset management, sgiic, s.a. has filed a new SC 13G, reporting a 10.30% ownership stake in International Seaways. This is an increase of 104.37% from their previous filing.
Net Element, Inc. (NETE) – Esousa Holdings Llc has filed a new SC 13G, reporting a 9.99% ownership stake in Net Element.
Providence & Worcester Railroad Co. (PWX) – Propp Morris has filed a new SC 13G, reporting a 6.19% ownership stake in Providence & Worcester Railroad Co.. This is an increase of 23.06% from their previous filing.
Amended Activist Investor Filings
JMP Group LLC (JMPB) – Johnson Craig R has filed an amended Schedule 13D/A, reporting a 6.63% ownership stake in JMP Group.
Cempra, Inc. (CEMP) – Vatera Holdings Llc has filed an amended Schedule 13D/A, reporting a 27.90% ownership stake in Cempra. This is a decrease of 9.12% from their previous filing.
LyondellBasell Industries NV (LYB) – Ai International Chemicals S.a.r.l. has filed an amended Schedule 13D/A, reporting a 18.15% ownership stake in LyondellBasell Industries. This is a decrease of 0.55% from their previous filing.