Stocks

Vericel Corp Activist Update – Activist Investor Filings for January 18, 2018

There were 30 notable investor filings today. Vericel Corp (NASDAQ:VCEL) is the most notable.

Rtw Investments, Llc has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,758,914 shares of Vericel Corporation (NASDAQ:VCEL). This represents 5.04 percent ownership of the company. Vericel Corporation has declared a standard industrial code (sic) of 2836 which is the “Biological Products, Except Diagnostic Substances (Biotech)” industry.

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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.

Mid Penn Bancorp, Inc. (MPB) – Lawrence Keister & Co has filed a new SC 13D, reporting a 16.80% ownership stake in Mid Penn Bancorp.

Mosaic Company (The) (Holding Company) (MOS) – Vale S.a. has filed a new SC 13D, reporting a 8.90% ownership stake in Mosaic Company.

Neothetics, Inc. (NEOT) – Invesco Ltd. has filed a new SC 13D, reporting a 39.60% ownership stake in Neothetics.

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.

TPG RE Finance Trust, Inc. (TRTX) – Ups Group Trust has filed a new SC 13G, reporting a 7.90% ownership stake in TPG RE Finance Trust.

Genesis Energy, L.P. (GEL) – Salient Capital Advisors, LLC has filed a new SC 13G, reporting a 5.19% ownership stake in Genesis Energy.

Noble Midstream Partners LP (NBLX) – Salient Capital Advisors, LLC has filed a new SC 13G, reporting a 6.23% ownership stake in Noble Midstream Partners.

BJ’s Restaurants, Inc. (BJRI) – Integrated Core Strategies (us) Llc has filed a new SC 13G, reporting a 5.20% ownership stake in BJ’s Restaurants. This is an increase of 4.63% from their previous filing.

Rice Midstream Partners LP (RMP) – Salient Capital Advisors, LLC has filed a new SC 13G, reporting a 5.26% ownership stake in Rice Midstream Partners.

Tallgrass Energy Partners, LP (TEP) – Salient Capital Advisors, LLC has filed a new SC 13G, reporting a 5.06% ownership stake in Tallgrass Energy Partners.

BB&T Corp. (BBT) – Bb&t Corp has filed a new SC 13G, reporting a 5.31% ownership stake in BB&T. This is a decrease of 14.43% from their previous filing.

Fusion Telecommunications International, Inc. (FSNN) – Cooper Creek Partners Management Llc has filed a new SC 13G, reporting a 5.17% ownership stake in Fusion Telecommunications International.

Vericel Corporation (VCEL) – Rtw Investments, Llc has filed a new SC 13G, reporting a 5.04% ownership stake in Vericel.

Clipper Realty Inc. (CLPR) – Forward Management, LLC has filed a new SC 13G, reporting a 5.70% ownership stake in Clipper Realty.

Consolidated-Tomoka Land Co. (CTO) – Forward Management, LLC has filed a new SC 13G, reporting a 5.10% ownership stake in Consolidated-Tomoka Land Co..

Amended Activist Investor Filings

Insignia Systems, Inc. (ISIG) – Biglari Capital Corp. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Insignia Systems. This is a decrease of 100.00% from their previous filing.

Cable One Inc. (CABO) – Graham Donald has filed an amended Schedule 13D/A, reporting a 13.17% ownership stake in Cable One. This is a decrease of 8.61% from their previous filing.

Allied Motion Technologies, Inc. (AMOT) – Michas Alexis P has filed an amended Schedule 13D/A, reporting a 4.30% ownership stake in Allied Motion Technologies. This is a decrease of 18.87% from their previous filing.

Insignia Systems, Inc. (ISIG) – Cable Car Capital LLC has filed an amended Schedule 13D/A, reporting a 8.50% ownership stake in Insignia Systems. This is an increase of 16.44% from their previous filing.

Xerox Corp. (XRX) – Icahn Carl C has filed an amended Schedule 13D/A, reporting an updated ownership stake in Xerox.

Amended Passive Investor Filings

Noodles & Co (NDLS) – Riley Timothy M has filed an amended Schedule 13D/A, reporting a 7.81% ownership stake in Noodles &. This is an increase of 1.69% from their previous filing.

Enbridge Energy Management LLC. (EEQ) – Salient Capital Advisors, LLC has filed an amended Schedule 13D/A, reporting a 6.06% ownership stake in Enbridge Energy Management LLC.. This is a decrease of 5.16% from their previous filing.

Citizens, Inc. (CIA) – Galindo, Arias & Lopez has filed an amended Schedule 13D/A, reporting a 8.60% ownership stake in Citizens. This is a decrease of 4.44% from their previous filing.

MobileIron, Inc. (MOBL) – Norwest Venture Partners X L P has filed an amended Schedule 13D/A, reporting a 10.75% ownership stake in MobileIron. This is a decrease of 23.32% from their previous filing.

Borqs Technologies, Inc. (PAACU) – Norwest Venture Partners X L P has filed an amended Schedule 13D/A, reporting a 10.85% ownership stake in Borqs Technologies.

Athene Holding Ltd (ATH) – Abu Dhabi Investment Authority has filed an amended Schedule 13D/A, reporting a 0.01% ownership stake in Athene Holding. This is a decrease of 99.73% from their previous filing.

TOR Minerals International Inc (TORM) – Graber Mark A has filed an amended Schedule 13D/A, reporting a 9.40% ownership stake in TOR Minerals International. This is an increase of 3.41% from their previous filing.

Stock Yards Bancorp, Inc. (SYBT) – Stock Yards Bank & Trust Co has filed an amended Schedule 13D/A, reporting a 5.05% ownership stake in Stock Yards Bancorp. This is an increase of 23.47% from their previous filing.

CMS Energy Corp. (CMS) – JP Morgan Chase & Co has filed an amended Schedule 13D/A, reporting a 7.80% ownership stake in CMS Energy. This is an increase of 16.42% from their previous filing.

Chico’s FAS, Inc. (CHS) – JP Morgan Chase & Co has filed an amended Schedule 13D/A, reporting a 5.30% ownership stake in Chico’s FAS. This is an increase of 3.92% from their previous filing.

Carlisle Companies, Inc. (CSL) – JP Morgan Chase & Co has filed an amended Schedule 13D/A, reporting a 6.10% ownership stake in Carlisle Companies. This is a decrease of 27.38% from their previous filing.

Fintel provides free investor tools for data driven investors. See all new activist filings at Fintel.io/activists and new 13F filings at Fintel.io/latest-13f-filings.