ValueWalk

Inpixon (INPX) and Onconova Therapeutics, Inc. (ONTX) Activist Update

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Intracoastal Capital, Llc has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 565,498 shares of Inpixon (NASDAQ:INPX). This represents 9.99 percent ownership of the company. Inpixon has declared a standard industrial code (sic) of 7371 which is the “Computer Programming Services” industry.

Reddy E Premkumar has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 492,707 shares of Onconova Therapeutics, Inc. (NASDAQ:ONTX). This represents 2.77 percent ownership of the company. Previously, Reddy E Premkumar had reported owning 371,742 shares, indicating an increase of 32.54 percent. Onconova Therapeutics, Inc. has declared a standard industrial code (sic) of 2834 which is the “Pharmaceutical Preparations” 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.

JM Global Holding Company (WYIG) – Zhou Bangjie has filed a new SC 13D, reporting a 6.17% ownership stake in JM Global Holding.

JM Global Holding Company (WYIG) – Li Jiazhen has filed a new SC 13D, reporting a 41.63% ownership stake in JM Global Holding.

Amended Activist Investor Filings

Cenveo, Inc. (CVO) – Burton Capital Management, LLC has filed an amended Schedule 13D/A, reporting a 2.10% ownership stake in Cenveo. This is a decrease of 81.42% from their previous filing.

Spectrum Brands Holdings, Inc. (SPB) – Hrg Group, Inc. has filed an amended Schedule 13D/A, reporting a 59.30% ownership stake in Spectrum Brands Holdings. This is a decrease of 0.50% from their previous filing.

Siebert Financial Corp. (SIEB) – Kennedy Cabot Acquisition, LLC has filed an amended Schedule 13D/A, reporting a 64.10% ownership stake in Siebert Financial. This is a decrease of 20.07% from their previous filing.

Onconova Therapeutics, Inc. (ONTX) – Reddy E Premkumar has filed an amended Schedule 13D/A, reporting a 2.77% ownership stake in Onconova Therapeutics. This is a decrease of 52.24% from their previous filing.

ProPhase Labs, Inc. (PRPH) – Karkus Ted William has filed an amended Schedule 13D/A, reporting a 24.00% ownership stake in ProPhase Labs. This is an increase of 3.90% from their previous filing.

HomeStreet, Inc. (HMST) – Roaring Blue Lion Capital Management, L.P. has filed an amended Schedule 13D/A, reporting a 6.00% ownership stake in HomeStreet. This is an increase of 9.09% from their previous filing.

Ra Pharmaceuticals, Inc. (RARX) – Novo A/S has filed an amended Schedule 13D/A, reporting a 6.50% ownership stake in Ra Pharmaceuticals. This is a decrease of 27.78% from their previous filing.

Cidara Therapeutics, Inc. (CDTX) – Frazier Healthcare VII, L.P. has filed an amended Schedule 13D/A, reporting a 6.48% ownership stake in Cidara Therapeutics. This is a decrease of 32.22% from their previous filing.

AnaptysBio, Inc. (ANAB) – Frazier Healthcare V, LP has filed an amended Schedule 13D/A, reporting a 15.70% ownership stake in AnaptysBio. This is a decrease of 15.14% from their previous filing.

Collegium Pharmaceutical, Inc. (COLL) – Frazier Healthcare VI, L.P. has filed an amended Schedule 13D/A, reporting a 5.80% ownership stake in Collegium Pharmaceutical. This is a decrease of 36.05% from their previous filing.

Brightcove Inc. (BCOV) – Edenbrook Capital, LLC has filed an amended Schedule 13D/A, reporting a 6.24% ownership stake in Brightcove. This is an increase of 20.00% from their previous filing.

Pulse Biosciences, Inc. (PLSE) – Marlett Christopher A has filed an amended Schedule 13D/A, reporting a 4.95% ownership stake in Pulse Biosciences. This is a decrease of 41.76% 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.

Seacoast Banking Corporation of Florida (SBCF) – Integrated Core Strategies (us) Llc has filed a new SC 13G, reporting a 2.00% ownership stake in Seacoast Banking Corporation of Florida.

Bonanza Creek Energy, Inc. (BCEI) – Integrated Core Strategies (us) Llc has filed a new SC 13G, reporting a 5.70% ownership stake in Bonanza Creek Energy. This is an increase of 39.02% from their previous filing.

Siebert Financial Corp. (SIEB) – Overstock.com, Inc has filed a new SC 13G, reporting a 5.10% ownership stake in Siebert Financial.

SeaSpine Holdings Corporation (SPNE) – Novo A/S has filed a new SC 13G, reporting a 6.60% ownership stake in SeaSpine Holdings.

Inpixon (INPX) – Intracoastal Capital, Llc has filed a new SC 13G, reporting a 9.99% ownership stake in Inpixon.

Amended Passive Investor Filings

Zoe’s Kitchen, Inc. (ZOES) – Misada Capital Flagship Fund Lp has filed an amended Schedule 13D/A, reporting a 16.80% ownership stake in Zoe’s Kitchen. This is an increase of 127.03% from their previous filing.

Inspired Entertainment, Inc. (INSE) – Park West Asset Management LLC has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Inspired Entertainment. This is a decrease of 100.00% from their previous filing.

PTC Therapeutics, Inc. (PTCT) – Boxer Capital, LLC has filed an amended Schedule 13D/A, reporting a 6.50% ownership stake in PTC Therapeutics. This is an increase of 8.33% from their previous filing.

Trinity Place Holdings Inc. (TPHS) – Horse Island Partners, LLC has filed an amended Schedule 13D/A, reporting a 5.37% ownership stake in Trinity Place Holdings. This is an increase of 5.29% from their previous filing.

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