Stocks

MiMedx Group, Inc. (MDXG) and Marrone Bio Innovations, Inc. (MBII) Activist Update

State Street Corp has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 7,873,295 shares of MiMedx Group, Inc. (NASDAQ:MDXG). This represents 7.09 percent ownership of the company. MiMedx Group, Inc. has declared a standard industrial code (sic) of 3841 which is the “Surgical and Medical Instruments and Apparatus” industry.

Waddell & Reed Financial Inc has filed an SC 13D form with the Securities and Exchange Commission (SEC) disclosing ownership of 28,714,912 shares of Marrone Bio Innovations, Inc. (NASDAQ:MBII). This represents 27.1 percent ownership of the company. Previously, Waddell & Reed Financial Inc had reported owning 4,726,192 shares, indicating an increase of 507.57 percent. Marrone Bio Innovations, Inc. has declared a standard industrial code (sic) of 287 which is the “Agricultural Chemicals” 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.

Jack in the Box, Inc. (JACK) – Jana Partners Llc has filed a new SC 13D, reporting a new ownership stake in Jack in the Box.

Blackhawk Network Holdings, Inc. (HAWK) – Gamco Investors, Inc. Et Al has filed a new SC 13D, reporting a 3.36% ownership stake in Blackhawk Network Holdings.

Gain Capital Holdings, Inc. (GCAP) – Ipgl Ltd has filed a new SC 13D, reporting a 12.20% ownership stake in Gain Capital Holdings.

Marrone Bio Innovations, Inc. (MBII) – Waddell & Reed Financial Inc has filed a new SC 13D, reporting a 27.10% ownership stake in Marrone Bio Innovations. This is an increase of 41.15% from their previous filing.

ITUS Corp. (ITUS) – Titterton Lewis H jr has filed a new SC 13D, reporting a 6.60% ownership stake in ITUS. This is a decrease of 29.41% 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.

Carvana Co. (CVNA) – Melvin Capital Management LP has filed a new SC 13G, reporting a 5.30% ownership stake in Carvana Co.. This is an increase of 39.47% from their previous filing.

Boingo Wireless, Inc. (WIFI) – Renaissance Technologies LLC has filed a new SC 13G, reporting a 7.36% ownership stake in Boingo Wireless.

Strayer Education, Inc. (STRA) – Marshfield Associates has filed a new SC 13G, reporting a new ownership stake in Strayer Education.

Brighthouse Financial, Inc. (BHF) – Metlife Inc has filed a new SC 13G, reporting a 19.30% ownership stake in Brighthouse Financial.

Tintri, Inc. (TNTR) – Harty Kieran has filed a new SC 13G, reporting a 6.00% ownership stake in Tintri.

Aquantia Corp. (AQ) – Wrv Ii, L.p. has filed a new SC 13G, reporting a 8.20% ownership stake in Aquantia.

Kona Grill, Inc. (KONA) – Gunduz Seyit Ali has filed a new SC 13G, reporting a 5.80% ownership stake in Kona Grill.

Calix, Inc. (CALX) – Nokomis Capital, L.L.C. has filed a new SC 13G, reporting a 8.10% ownership stake in Calix.

Star Tek, Inc. (SRT) – Lebowitz Steven D has filed a new SC 13G, reporting a 6.10% ownership stake in Star Tek.

Layne Christensen Co. (LAYN) – Steelhead Partners Llc has filed a new SC 13G, reporting a 5.30% ownership stake in Layne Christensen Co..

Federal Street Acquisition Corp. (FSAC) – Glazer Capital, Llc has filed a new SC 13G, reporting a 5.30% ownership stake in Federal Street Acquisition.

MiMedx Group, Inc. (MDXG) – State Street Corp has filed a new SC 13G, reporting a 7.09% ownership stake in MiMedx Group.

People’s United Financial, Inc. (PBCT) – State Street Corp has filed a new SC 13G, reporting a 11.43% ownership stake in People’s United Financial. This is a decrease of 16.02% from their previous filing.

Avista Healthcare Public Acquisition Corp. (AHPA) – Glazer Capital, Llc has filed a new SC 13G, reporting a 9.80% ownership stake in Avista Healthcare Public Acquisition.

Jensyn Acquistion Corp. (JSYNU) – Glazer Capital, Llc has filed a new SC 13G, reporting a 7.40% ownership stake in Jensyn Acquistion. This is an increase of 21.31% from their previous filing.

Flexion Therapeutics, Inc. (FLXN) – State Street Corp has filed a new SC 13G, reporting a 6.88% ownership stake in Flexion Therapeutics.

Ring Energy, Inc. (REI) – Daruma Capital Management Llc has filed a new SC 13G, reporting a 5.93% ownership stake in Ring Energy.

Luminex Corp. (LMNX) – RGM Capital, LLC has filed a new SC 13G, reporting a 6.53% ownership stake in Luminex.

Flexion Therapeutics, Inc. (FLXN) – Lmm Llc has filed a new SC 13G, reporting a 7.15% ownership stake in Flexion Therapeutics.

Allena Pharmaceuticals, Inc. (ALNA) – Pharmstandard International S.A. has filed a new SC 13G, reporting a 5.02% ownership stake in Allena Pharmaceuticals.

Carvana Co. (CVNA) – Sylebra HK Co Ltd has filed a new SC 13G, reporting a 9.10% ownership stake in Carvana Co..

Fox Factory Holding Corp. (FOXF) – Neuberger Berman Group LLC has filed a new SC 13G, reporting a 5.30% ownership stake in Fox Factory Holding.

Healthways, Inc. (HWAY) – Neuberger Berman Group LLC has filed a new SC 13G, reporting a 5.93% ownership stake in Healthways.

Qualys, Inc. (QLYS) – Neuberger Berman Group LLC has filed a new SC 13G, reporting a 7.43% ownership stake in Qualys.

MGP Ingredients, Inc. (MGPI) – Neuberger Berman Group LLC has filed a new SC 13G, reporting a 7.06% ownership stake in MGP Ingredients.

Fintel provides free investor tools for data driven investors. Get full coverage of top rated fund Berkshire Hathaway Inc.