Stocks

Immune Design Corp. (IMDZ) and Inpixon (INPX) Activist Update

Franklin Resources Inc has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,231,753 shares of Immune Design Corp. (NASDAQ:IMDZ). This represents 6.7 percent ownership of the company. Immune Design Corp. has declared a standard industrial code (sic) of 2834 which is the “Pharmaceutical Preparations” industry.

Iliad Research & Trading, L.P. has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 119,296 shares of Inpixon (NASDAQ:INPX). This represents 7.6 percent ownership of the company. Inpixon has declared a standard industrial code (sic) of 7371 which is the “Computer Programming Services” 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.

Resolute Energy Corporation (REN) – Vr Global Partners, L.p. has filed a new SC 13D, reporting a 5.20% ownership stake in Resolute Energy.

Marrone Bio Innovations, Inc. (MBII) – Ardsley Advisory Partners has filed a new SC 13D, reporting a 14.61% ownership stake in Marrone Bio Innovations. This is an increase of 24.45% 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.

Planet Fitness, Inc. (PLNT) – Bank of New York Mellon Corp has filed a new SC 13G, reporting a 6.30% ownership stake in Planet Fitness.

HubSpot, Inc. (HUBS) – Bank of New York Mellon Corp has filed a new SC 13G, reporting a 6.44% ownership stake in HubSpot.

Control4 Corp (CTRL) – Bank of New York Mellon Corp has filed a new SC 13G, reporting a 5.36% ownership stake in Control4.

Bandwidth Inc. (BAND) – Bank of New York Mellon Corp has filed a new SC 13G, reporting a 6.10% ownership stake in Bandwidth.

Kala Pharmaceuticals, Inc. (KALA) – Polaris Venture Partners V, L.P. has filed a new SC 13G, reporting a 7.70% ownership stake in Kala Pharmaceuticals.

Ocular Therapeutix, Inc. (OCUL) – Summer Road Llc has filed a new SC 13G, reporting a 8.40% ownership stake in Ocular Therapeutix.

Twilio Inc. (TWLO) – Bank of New York Mellon Corp has filed a new SC 13G, reporting a 5.67% ownership stake in Twilio.

Global Partner Acquisition Corp. (GPAC) – Greenhaven Road Capital Fund 1 has filed a new SC 13G, reporting a 5.80% ownership stake in Global Partner Acquisition.

MongoDB Inc (MDB) – Flybridge Capital Partners Iii Lp has filed a new SC 13G, reporting a 33.70% ownership stake in MongoDB.

Smart & Final Stores, Inc. (SFS) – Franklin Resources Inc has filed a new SC 13G, reporting a 5.50% ownership stake in Smart & Final Stores.

Dixie Group, Inc (DXYN) – First Dallas Holdings Inc has filed a new SC 13G, reporting a 11.50% ownership stake in Dixie Group. This is a decrease of 18.44% from their previous filing.

Luby’s, Inc. (LUB) – First Dallas Holdings Inc has filed a new SC 13G, reporting a 9.00% ownership stake in Luby’s. This is a decrease of 11.76% from their previous filing.

Compass Minerals Group, Inc. (CMP) – Oppenheimer Funds Inc has filed a new SC 13G, reporting a 5.65% ownership stake in Compass Minerals Group.

Magellan Midstream Partners, L.P. (MMP) – Oppenheimer Funds Inc has filed a new SC 13G, reporting a 5.64% ownership stake in Magellan Midstream Partners.

Pier 1 Imports, Inc. (PIR) – Towle & Co has filed a new SC 13G, reporting a 10.95% ownership stake in Pier 1 Imports.

MBIA, Inc. (MBI) – Oppenheimer Funds Inc has filed a new SC 13G, reporting a 6.86% ownership stake in MBIA. This is an increase of 366.67% from their previous filing.

Perrigo Company plc (PRGO) – Franklin Resources Inc has filed a new SC 13G, reporting a 5.70% ownership stake in Perrigo.

Cabot Oil & Gas Corp. (COG) – Sanders Capital, LLC has filed a new SC 13G, reporting a 6.94% ownership stake in Cabot Oil & Gas.

Immune Design Corp. (IMDZ) – Franklin Resources Inc has filed a new SC 13G, reporting a 6.70% ownership stake in Immune Design.

Inpixon (INPX) – Iliad Research & Trading, L.P. has filed a new SC 13G, reporting a 7.60% ownership stake in Inpixon.

Wesco Aircraft Holdings Inc. (WAIR) – Frontier Capital Management Co Llc has filed a new SC 13G, reporting a 5.34% ownership stake in Wesco Aircraft Holdings.

Vista Outdoor Inc. (VSTO) – Frontier Capital Management Co Llc has filed a new SC 13G, reporting a 5.24% ownership stake in Vista Outdoor.

Forterra, Inc. (FRTA) – Frontier Capital Management Co Llc has filed a new SC 13G, reporting a 5.19% ownership stake in Forterra.

Switch Inc (SWCH) – Roski Edward P Jr has filed a new SC 13G, reporting a 10.02% ownership stake in Switch.

Allegheny Technologies, Inc. (ATI) – Frontier Capital Management Co Llc has filed a new SC 13G, reporting a 6.22% ownership stake in Allegheny Technologies.

Diplomat Pharmacy, Inc. (DPLO) – Frontier Capital Management Co Llc has filed a new SC 13G, reporting a 5.55% ownership stake in Diplomat Pharmacy.

Lands’ End, Inc. (LE) – Frontier Capital Management Co Llc has filed a new SC 13G, reporting a 5.19% ownership stake in Lands’ End.

Benefitfocus, Inc. (BNFT) – Frontier Capital Management Co Llc has filed a new SC 13G, reporting a 5.62% ownership stake in Benefitfocus.

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