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Protalix BioTherapeutics, Inc. (PLX) and Lands’ End, Inc. (LE) Activist Update

Abir Therapeutics Ltd has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 0 shares of Protalix BioTherapeutics, Inc. (AMEX:PLX). This represents 0.0 percent ownership of the company. Previously, Abir Therapeutics Ltd had reported owning 6,200,000 shares, indicating a decrease of -100.00 percent. Protalix BioTherapeutics, Inc. has declared a standard industrial code (sic) of 2836 which is the “Biological Products, Except Diagnostic Substances (Biotech)” industry.

Esl Partners, L.p. has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 21,526,634 shares of Lands’ End, Inc. (NASDAQ:LE). This represents 67.1 percent ownership of the company. Previously, Esl Partners, L.p. had reported owning 21,979,054 shares, indicating a decrease of -2.06 percent. Lands’ End, Inc. has declared a standard industrial code (sic) of 5651 which is the “Family Clothing Stores” 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.

Blackhawk Network Holdings, Inc. (HAWK) – Silver Lake Group, L.L.C. has filed a new SC 13D, reporting a new ownership stake in Blackhawk Network Holdings.

Amended Activist Investor Filings

Lands’ End, Inc. (LE) – Esl Partners, L.p. has filed an amended Schedule 13D/A, reporting a 67.10% ownership stake in Lands’ End. This is a decrease of 2.04% from their previous filing.

Bloomin’ Brands, Inc. (BLMN) – Jana Partners Llc has filed an amended Schedule 13D/A, reporting an updated ownership stake in Bloomin’ Brands.

Sonic Foundry, Inc. (SOFO) – Burish Mark D has filed an amended Schedule 13D/A, reporting a 9.40% ownership stake in Sonic Foundry. This is a decrease of 46.59% from their previous filing.

Golden Entertainment, Inc. (GDEN) – Sartini Blake L has filed an amended Schedule 13D/A, reporting a 23.00% ownership stake in Golden Entertainment. This is a decrease of 30.72% from their previous filing.

SunLink Health Systems, Inc. (SSY) – Baileys Steven J has filed an amended Schedule 13D/A, reporting a 14.60% ownership stake in SunLink Health Systems.

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.

GlobalSCAPE, Inc. (GSB) – Radoff Bradley Louis has filed a new SC 13G, reporting a 6.00% ownership stake in GlobalSCAPE.

Rocky Mountain Chocolate Factory, Inc. NEW (RMCF) – Capital Management Corp /va has filed a new SC 13G, reporting a 5.02% ownership stake in Rocky Mountain Chocolate Factory, Inc..

Acme United Corp. (ACU) – Capital Management Corp /va has filed a new SC 13G, reporting a 5.14% ownership stake in Acme United.

Hudson Technologies, Inc. (HDSN) – Cooper Creek Partners Management Llc has filed a new SC 13G, reporting a 5.78% ownership stake in Hudson Technologies.

Iovance Biotherapeutics Inc. (IOVA) – BlackRock Inc. has filed a new SC 13G, reporting a 6.70% ownership stake in Iovance Biotherapeutics. This is a decrease of 33.66% from their previous filing.

NanoString Technologies, Inc. (NSTG) – BlackRock Inc. has filed a new SC 13G, reporting a 6.30% ownership stake in NanoString Technologies.

Swift Transportation Company (SWFT) – BlackRock Inc. has filed a new SC 13G, reporting a 8.10% ownership stake in Swift Transportation. This is an increase of 39.66% from their previous filing.

General Growth Properties, Inc. (GGP) – BlackRock Inc. has filed a new SC 13G, reporting a 6.30% ownership stake in General Growth Properties. This is an increase of 6.78% from their previous filing.

Merrimack Pharmaceuticals, Inc. (MACK) – BlackRock Inc. has filed a new SC 13G, reporting a 6.10% ownership stake in Merrimack Pharmaceuticals. This is a decrease of 27.38% from their previous filing.

Global Net Lease Inc. (GNL) – BlackRock Inc. has filed a new SC 13G, reporting a 9.10% ownership stake in Global Net Lease. This is an increase of 31.88% from their previous filing.

L-3 Communications Holdings, Inc. (LLL) – BlackRock Inc. has filed a new SC 13G, reporting a 7.50% ownership stake in L-3 Communications Holdings. This is an increase of 8.70% from their previous filing.

InfraREIT, Inc. (HIFR) – BlackRock Inc. has filed a new SC 13G, reporting a 6.50% ownership stake in InfraREIT. This is a decrease of 1.52% from their previous filing.

Enbridge Energy Management LLC. (EEQ) – Maple-Brown Abbott Ltd has filed a new SC 13G, reporting a 5.60% ownership stake in Enbridge Energy Management LLC..

On Track Innovations Ltd. (OTIV) – Ivy Jerry Lafe JR has filed a new SC 13G, reporting a new ownership stake in On Track Innovations.

Amended Passive Investor Filings

Lyon William Homes (WLH) – Integrated Core Strategies (us) Llc has filed an amended Schedule 13D/A, reporting a 4.80% ownership stake in Lyon William Homes. This is a decrease of 12.73% from their previous filing.

Protalix BioTherapeutics, Inc. (PLX) – Abir Therapeutics Ltd has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Protalix BioTherapeutics. This is a decrease of 100.00% from their previous filing.

Blueknight Energy Partners L.P., L.L.C (BKEP) – DG Capital Management, LLC has filed an amended Schedule 13D/A, reporting a 8.30% ownership stake in Blueknight Energy Partners L.P., L.L.C. This is an increase of 22.06% from their previous filing.

Innovative Industrial Properties, Inc. (IIPR) – DG Capital Management, LLC has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Innovative Industrial Properties. This is a decrease of 100.00% from their previous filing.

Liberty Global plc LiLAC Class A (LILA) – Genesis Asset Managers, LLP has filed an amended Schedule 13D/A, reporting a 14.86% ownership stake in Liberty Global plc LiLAC Class A. This is a decrease of 3.00% from their previous filing.

Cullen/Frost Bankers, Inc. (CFR) – Cullen/frost Bankers, Inc. has filed an amended Schedule 13D/A, reporting a 7.30% ownership stake in Cullen. This is a decrease of 5.19% from their previous filing.

SenesTech, Inc. (SNES) – Empery Asset Management, LP has filed an amended Schedule 13D/A, reporting a 4.99% ownership stake in SenesTech. This is a decrease of 21.17% from their previous filing.

Aware, Inc. (AWRE) – DG Capital Management, LLC has filed an amended Schedule 13D/A, reporting a 7.50% ownership stake in Aware. This is an increase of 21.75% from their previous filing.

Monarch Casino & Resort, Inc. (MCRI) – JP Morgan Chase & Co has filed an amended Schedule 13D/A, reporting a 5.90% ownership stake in Monarch Casino & Resort. This is a decrease of 10.61% from their previous filing.

Revance Therapeutics, Inc. (RVNC) – JP Morgan Chase & Co has filed an amended Schedule 13D/A, reporting a 9.80% ownership stake in Revance Therapeutics. This is a decrease of 18.33% from their previous filing.

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