Stocks

Regional Management Corp. (RM) and Boot Barn Holdings, Inc. (BOOT) Activist Update

Basswood Capital Management, L.l.c. has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,511,995 shares of Regional Management Corp. (NYSE:RM). This represents 12.96 percent ownership of the company. Previously, Basswood Capital Management, L.l.c. had reported owning 1,529,879 shares, indicating a decrease of -1.17 percent. Regional Management Corp. has declared a standard industrial code (sic) of 6141 which is the “Personal Credit Institutions” industry.

Goldman Sachs Asset Management, L.p. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,378 shares of Boot Barn Holdings, Inc. (NYSE:BOOT). This represents 0.0 percent ownership of the company. Previously, Goldman Sachs Asset Management, L.p. had reported owning 1,407,005 shares, indicating a decrease of -99.83 percent. Boot Barn Holdings, Inc. has declared a standard industrial code (sic) of 5661 which is the “Shoe 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.

Inuvo, Inc. (INUV) – Tocqueville Asset Management L.p. has filed a new SC 13D, reporting a 7.71% ownership stake in Inuvo. This is a decrease of 11.28% from their previous filing.

Amended Activist Investor Filings

Regional Management Corp. (RM) – Basswood Capital Management, L.l.c. has filed an amended Schedule 13D/A, reporting a 12.96% ownership stake in Regional Management. This is a decrease of 1.14% 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.

Archrock Partners, L.P. (APLP) – Goldman Sachs Asset Management, L.p. has filed a new SC 13G, reporting a 6.40% ownership stake in Archrock Partners.

Onvia, Inc. (ONVI) – Tocqueville Asset Management L.p. has filed a new SC 13G, reporting a 0.00% ownership stake in Onvia. This is a decrease of 100.00% from their previous filing.

Resolute Energy Corporation (REN) – Lion Point Capital, LP has filed a new SC 13G, reporting a 4.30% ownership stake in Resolute Energy.

Anchor Bancorp (ANCB) – Lighthouse Investment Partners, Llc has filed a new SC 13G, reporting a 5.00% ownership stake in Anchor Bancorp.

Electrum Special Acquisition Corporation (ELEC) – Lighthouse Investment Partners, Llc has filed a new SC 13G, reporting a 5.80% ownership stake in Electrum Special Acquisition.

Redfin Corp (RDFN) – Draper Fisher Jurvetson Fund Ix Lp has filed a new SC 13G, reporting a 8.92% ownership stake in Redfin.

Federated National Holding Co. (FNHC) – Lighthouse Investment Partners, Llc has filed a new SC 13G, reporting a 6.50% ownership stake in Federated National Holding Co..

Amended Passive Investor Filings

ProPhase Labs, Inc. (PRPH) – BML Investment Partners, L.P. has filed an amended Schedule 13D/A, reporting a 2.70% ownership stake in ProPhase Labs. This is a decrease of 46.53% from their previous filing.

Blueknight Energy Partners L.P., L.L.C (BKEP) – MSD Partners, L.P. has filed an amended Schedule 13D/A, reporting a 5.40% ownership stake in Blueknight Energy Partners L.P., L.L.C.

Dorian LPG Ltd. (LPG) – HNA Investment Management LLC has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Dorian LPG. This is a decrease of 100.00% from their previous filing.

Clovis Oncology, Inc. (CLVS) – Integrated Core Strategies (us) Llc has filed an amended Schedule 13D/A, reporting a 0.10% ownership stake in Clovis Oncology. This is a decrease of 98.04% from their previous filing.

Colony Bankcorp, Inc. (CBAN) – Waldron B Gene has filed an amended Schedule 13D/A, reporting an updated ownership stake in Colony Bankcorp.

Boot Barn Holdings, Inc. (BOOT) – Goldman Sachs Asset Management, L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Boot Barn Holdings. This is a decrease of 100.00% from their previous filing.

Dorian LPG Ltd. (LPG) – Seacor Holdings Inc /new/ has filed an amended Schedule 13D/A, reporting a 9.43% ownership stake in Dorian LPG. This is a decrease of 40.99% from their previous filing.

Legacy Reserves LP (LGCY) – Baines Creek Capital, LLC has filed an amended Schedule 13D/A, reporting a 8.80% ownership stake in Legacy Reserves. This is a decrease of 18.06% from their previous filing.

TPG Pace Energy Holdings Corp. (TPGE) – Governors Lane LP has filed an amended Schedule 13D/A, reporting a 6.20% ownership stake in TPG Pace Energy Holdings.

Federal Street Acquisition Corp. (FSAC) – Governors Lane LP has filed an amended Schedule 13D/A, reporting a 5.40% ownership stake in Federal Street Acquisition.

Terreno Realty Corp (TRNO) – Goldman Sachs Asset Management, L.p. has filed an amended Schedule 13D/A, reporting a 0.40% ownership stake in Terreno Realty. This is a decrease of 93.33% from their previous filing.

Vicor Corp. (VICR) – Vinciarelli Patrizio has filed an amended Schedule 13D/A, reporting a 54.00% ownership stake in Vicor. This is a decrease of 0.92% from their previous filing.

TimkenSteel Corporation (TMST) – Timken Foundation of Canton has filed an amended Schedule 13D/A, reporting a 7.49% ownership stake in TimkenSteel. This is a decrease of 5.31% from their previous filing.

CBS Corp. (CBS.A) – Gruss Capital Management LP has filed an amended Schedule 13D/A, reporting a 6.60% ownership stake in CBS. This is an increase of 6.45% from their previous filing.

Timken Co. (THE) (TKR) – Timken Foundation of Canton has filed an amended Schedule 13D/A, reporting a 7.72% ownership stake in Timken Co..

Holly Energy Partners L.P. (HEP) – First Trust Portfolios Lp has filed an amended Schedule 13D/A, reporting a 3.98% ownership stake in Holly Energy Partners. This is a decrease of 34.11% from their previous filing.

Integra LifeSciences Holdings Corp. (IART) – Caruso Richard E has filed an amended Schedule 13D/A, reporting a 15.78% ownership stake in Integra LifeSciences Holdings. This is a decrease of 4.77% from their previous filing.

DLH Holdings Corp. (DLHC) – Korman Bernard J has filed an amended Schedule 13D/A, reporting a 6.30% ownership stake in DLH Holdings.

Cytokinetics, Inc. (CYTK) – Lansdowne Partners (uk) Llp has filed an amended Schedule 13D/A, reporting a 4.91% ownership stake in Cytokinetics. This is a decrease of 31.81% from their previous filing.

Tremor Video, Inc. (TRMR) – Draper Fisher Jurvetson Growth Fund 2006 Lp has filed an amended Schedule 13D/A, reporting a 3.64% ownership stake in Tremor Video.

PBF Logistics LP (PBFX) – Goldman Sachs Asset Management, L.p. has filed an amended Schedule 13D/A, reporting a 5.10% ownership stake in PBF Logistics. This is a decrease of 37.80% from their previous filing.

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