Stocks

Castle Brands, Inc. (ROX) and A10 Networks, Inc. (ATEN) Activist Update

Frost Phillip Md Et Al has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 54,146,285 shares of Castle Brands, Inc. (AMEX:ROX). This represents 32.6 percent ownership of the company. Previously, Frost Phillip Md Et Al had reported owning 53,913,662 shares, indicating an increase of 0.43 percent. Castle Brands, Inc. has declared a standard industrial code (sic) of 208 which is the “Beverages” industry.

VIEX Capital Advisors, LLC has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,797,383 shares of A10 Networks, Inc. (NYSE:ATEN). This represents 5.4 percent ownership of the company. Previously, VIEX Capital Advisors, LLC had reported owning 3,687,383 shares, indicating an increase of 2.98 percent.

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.

Alphatec Holdings, Inc. (ATEC) – L-5 Healthcare Partners, Llc has filed a new SC 13D, reporting a 29.66% ownership stake in Alphatec Holdings.

Newell Brands Inc. (NWL) – Icahn Carl C has filed a new SC 13D, reporting a 6.86% ownership stake in Newell Brands.

LendingTree, Inc. (TREE) – Gci Liberty, Inc. has filed a new SC 13D, reporting a 26.30% ownership stake in LendingTree.

Amended Activist Investor Filings

Resolute Energy Corporation (REN) – Fir Tree Inc. has filed an amended Schedule 13D/A, reporting a 4.63% ownership stake in Resolute Energy. This is a decrease of 35.24% from their previous filing.

SJW Corp. (SJW) – Moss George E has filed an amended Schedule 13D/A, reporting a 5.30% ownership stake in SJW.

SJW Corp. (SJW) – Van Valer Robert A has filed an amended Schedule 13D/A, reporting a 10.80% ownership stake in SJW.

Castle Brands, Inc. (ROX) – Frost Phillip Md Et Al has filed an amended Schedule 13D/A, reporting a 32.60% ownership stake in Castle Brands. This is a decrease of 2.98% from their previous filing.

Liberty Media Corporation (BATRA) – Gamco Investors, Inc. Et Al has filed an amended Schedule 13D/A, reporting a 9.46% ownership stake in Liberty Media. This is an increase of 9.74% from their previous filing.

Acorn International, Inc. (ATV) – Fisch Jacob Alexander has filed an amended Schedule 13D/A, reporting a 4.60% ownership stake in Acorn International. This is a decrease of 11.54% from their previous filing.

Artisan Partners Asset Management Inc. (APAM) – Colson Eric R has filed an amended Schedule 13D/A, reporting a 26.10% ownership stake in Artisan Partners Asset Management. This is a decrease of 4.40% from their previous filing.

Vicon Industries, Inc. (VII) – Zucker Anita G has filed an amended Schedule 13D/A, reporting a 46.10% ownership stake in Vicon Industries. This is a decrease of 2.33% from their previous filing.

T-Mobile US, Inc. (TMUS) – Deutsche Telekom Holding B.v. has filed an amended Schedule 13D/A, reporting a 63.00% ownership stake in T-Mobile US.

International Tower Hill Mines Ltd. (THM) – Paulson & Co. Inc. has filed an amended Schedule 13D/A, reporting a 31.97% ownership stake in International Tower Hill Mines. This is a decrease of 6.52% from their previous filing.

Coastway Bancorp, Inc. (CWAY) – Seidman Lawrence B has filed an amended Schedule 13D/A, reporting a 4.63% ownership stake in Coastway Bancorp. This is a decrease of 9.22% from their previous filing.

A10 Networks, Inc. (ATEN) – VIEX Capital Advisors, LLC has filed an amended Schedule 13D/A, reporting a 5.40% ownership stake in A10 Networks. This is an increase of 3.85% from their previous filing.

LendingTree, Inc. (TREE) – Liberty Interactive Corp has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in LendingTree. This is a decrease of 100.00% from their previous filing.

FTD Companies, Inc. (FTD) – Liberty Interactive Corp has filed an amended Schedule 13D/A, reporting a 37.00% ownership stake in FTD Companies.

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.

U.S. Concrete, Inc. (USCR) – Point72 Asset Management, L.P. has filed a new SC 13G, reporting a 5.20% ownership stake in U.S. Concrete.

Stantec Inc. (STN) – Caisse De Depot Et Placement Du Quebec has filed a new SC 13G, reporting a 5.10% ownership stake in Stantec.

Capnia, Inc. (CAPN) – 683 Capital Management, LLC has filed a new SC 13G, reporting a 7.30% ownership stake in Capnia.

Liberty Tax, Inc. (TAX) – Ibbotson Steven has filed a new SC 13G, reporting a 24.40% ownership stake in Liberty Tax.

BSQUARE Corporation (BSQR) – Palogic Value Management, L.P. has filed a new SC 13G, reporting a 5.40% ownership stake in BSQUARE.

Enphase Energy, Inc. (ENPH) – Inversiones Kinacu Limitada has filed a new SC 13G, reporting a 11.10% ownership stake in Enphase Energy.

Noah Holdings Ltd. (NOAH) – Greenwoods Asset Management Ltd has filed a new SC 13G, reporting a 5.04% ownership stake in Noah Holdings. This is a decrease of 33.86% from their previous filing.

Amended Passive Investor Filings

SunCoke Energy Partners LP (SXCP) – Cline Christopher has filed an amended Schedule 13D/A, reporting a 5.40% ownership stake in SunCoke Energy Partners. This is a decrease of 31.65% from their previous filing.

LRAD Corp (LRAD) – Manatuck Hill Partners, LLC has filed an amended Schedule 13D/A, reporting a 7.33% ownership stake in LRAD. This is a decrease of 2.79% from their previous filing.

Carvana Co. (CVNA) – Goodnow Investment Group, Llc has filed an amended Schedule 13D/A, reporting a 10.50% ownership stake in Carvana Co.. This is an increase of 72.13% from their previous filing.

Famous Dave’s of America, Inc. (DAVE) – Philotimo Fund, LP has filed an amended Schedule 13D/A, reporting a 9.10% ownership stake in Famous Dave’s of America. This is an increase of 40.00% from their previous filing.

Fintel provides free investor tools for data driven investors. Get full coverage of BlackRock Inc. or FIT : Fitbit Stock Research Analysis and Report.