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Arcadia Biosciences, Inc. (RKDA) and United States Steel Corp. (X) Activist Update

Moral Compass Corp has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,125,769 shares of Arcadia Biosciences, Inc. (NASDAQ:RKDA). This represents 52.8 percent ownership of the company. Previously, Moral Compass Corp had reported owning 22,515,364 shares, indicating a decrease of -95.00 percent. Arcadia Biosciences, Inc. has declared a standard industrial code (sic) of 287 which is the “Agricultural Chemicals” industry.

Viking Global Investors LP has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 9,662,352 shares of United States Steel Corp. (NYSE:X). This represents 5.5 percent ownership of the company. United States Steel Corp. has declared a standard industrial code (sic) of 3312 which is the “Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills” 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.

Lifetime Brands, Inc. (LCUT) – Taylor Parent, Llc has filed a new SC 13D, reporting a 27.20% ownership stake in Lifetime Brands.

Student Transportation, Inc. (STB) – Caisse De Depot Et Placement Du Quebec has filed a new SC 13D, reporting a 11.20% ownership stake in Student Transportation. This is an increase of 33.33% from their previous filing.

StoneMor Partners L.P. (STON) – Axar Capital Management L.p. has filed a new SC 13D, reporting a 17.50% ownership stake in StoneMor Partners. This is an increase of 1.16% from their previous filing.

Sparton Corp. (SPA) – Gamco Investors, Inc. Et Al has filed a new SC 13D, reporting a 1.91% ownership stake in Sparton.

Abengoa Yield plc (ABY) – Algonquin Power & Utilities Corp. has filed a new SC 13D, reporting a 41.47% ownership stake in Abengoa Yield.

Amended Activist Investor Filings

Deckers Outdoor Corp. (DECK) – Marcato Capital Management Lp has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Deckers Outdoor. This is a decrease of 100.00% from their previous filing.

Hill International, Inc. (HIL) – Engine Capital, L.P. has filed an amended Schedule 13D/A, reporting a 9.98% ownership stake in Hill International. This is an increase of 1.84% from their previous filing.

Ecolab, Inc. (ECL) – Cascade Investment, L.L.C. has filed an amended Schedule 13D/A, reporting a 11.60% ownership stake in Ecolab.

Weight Watchers International, Inc. (WTW) – Winfrey Oprah has filed an amended Schedule 13D/A, reporting a 11.30% ownership stake in Weight Watchers International. This is a decrease of 23.23% from their previous filing.

Allegiant Travel Company (ALGT) – Gallagher Maurice J Jr has filed an amended Schedule 13D/A, reporting a 20.92% ownership stake in Allegiant Travel. This is an increase of 2.95% from their previous filing.

Concurrent Computer Corp. (CCUR) – Singer Julian D. has filed an amended Schedule 13D/A, reporting a 23.80% ownership stake in Concurrent Computer. This is an increase of 7.21% from their previous filing.

Aberdeen Singapore Fund, Inc. (SGF) – Bulldog Investors, LLC has filed an amended Schedule 13D/A, reporting an updated ownership stake in Aberdeen Singapore Fund.

TESARO, Inc. (TSRO) – New Enterprise Associates 13 Lp has filed an amended Schedule 13D/A, reporting a 19.20% ownership stake in TESARO. This is a decrease of 25.00% from their previous filing.

Xinyuan Real Estate Co., Ltd. (XIN) – TPG Group Holdings (SBS) Advisors, Inc. has filed an amended Schedule 13D/A, reporting a 6.50% ownership stake in Xinyuan Real Estate Co..

Calpine Corp. (CPN) – Canada Pension Plan Investment Board has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Calpine. This is a decrease of 100.00% from their previous filing.

Arcadia Biosciences, Inc. (RKDA) – Moral Compass Corp has filed an amended Schedule 13D/A, reporting a 52.80% ownership stake in Arcadia Biosciences. This is an increase of 4.35% from their previous filing.

JM Global Holding Company (WYIG) – Zhong Hui Holding Ltd has filed an amended Schedule 13D/A, reporting a 27.00% ownership stake in JM Global Holding. This is a decrease of 65.07% from their previous filing.

Skechers U.S.A. Inc. (SKX) – Schwartzberg Gil has filed an amended Schedule 13D/A, reporting a 5.10% ownership stake in Skechers U.S.A.. This is a decrease of 13.56% 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.

Legacy Reserves LP (LGCY) – Baines Creek Capital, LLC has filed a new SC 13G, reporting a 15.06% ownership stake in Legacy Reserves. This is an increase of 71.14% from their previous filing.

Shoe Carnival, Inc. (SCVL) – Weaver Bradley W has filed a new SC 13G, reporting a 5.90% ownership stake in Shoe Carnival.

Imation Corp. (IMN) – Footprints Asset Management & Research has filed a new SC 13G, reporting a 6.10% ownership stake in Imation. This is an increase of 1.50% from their previous filing.

Shoe Carnival, Inc. (SCVL) – Weaver Leigh Anne has filed a new SC 13G, reporting a 5.90% ownership stake in Shoe Carnival.

BlackRock New York Municipal 2018 Term Trust (BLH) – Karpus Management, Inc. has filed a new SC 13G, reporting a 9.00% ownership stake in BlackRock New York Municipal 2018 Term Trust.

BlackRock Municipal 2018 Term Trust (BPK) – Karpus Management, Inc. has filed a new SC 13G, reporting a 9.00% ownership stake in BlackRock Municipal 2018 Term Trust.

Oculus Innovative Sciences, Inc. (OCLS) – Montreux Equity Partners V, L.p. has filed a new SC 13G, reporting a 9.26% ownership stake in Oculus Innovative Sciences.

United States Steel Corp. (X) – Viking Global Investors LP has filed a new SC 13G, reporting a 5.50% ownership stake in United States Steel.

Knowles Corp (KN) – Shapiro Capital Management Llc has filed a new SC 13G, reporting a new ownership stake in Knowles.

Nordic American Offshore Ltd (NAO) – Mackenzie Financial Corp has filed a new SC 13G, reporting a 10.07% ownership stake in Nordic American Offshore.

Walter Investment Management Corp. (WAC) – Canyon Capital Advisors Llc has filed a new SC 13G, reporting a 19.46% ownership stake in Walter Investment Management.

Atomera Incorporated (ATOM) – Vulpes Innovative Technologies Investment Co Pte Ltd has filed a new SC 13G, reporting a 6.00% ownership stake in Atomera.

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