Hudson Executive Capital LP has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 26,861,154 shares of Corindus Vascular Robotics, Inc. (AMEX:CVRS). This represents 14.2 percent ownership of the company. Previously, Hudson Executive Capital LP had reported owning 11,336,154 shares, indicating an increase of 136.95 percent. Corindus Vascular Robotics, Inc. has declared a standard industrial code (sic) of 3841 which is the “Surgical and Medical Instruments and Apparatus” industry.
Sports Direct International plc has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,664,115 shares of Iconix Brand Group, Inc. (NASDAQ:ICON). This represents 9.2 percent ownership of the company. Previously, Sports Direct International plc had reported owning 5,651,532 shares, indicating an increase of 0.22 percent. Iconix Brand Group, Inc. has declared a standard industrial code (sic) of 314 which is the “Footwear, Except Rubber” 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.
Build-A-Bear Workshop, Inc. (BBW) – Point72 Asset Management, L.P. has filed a new SC 13D, reporting a 20.00% ownership stake in Build-A-Bear Workshop. This is an increase of 8.11% from their previous filing.
Greif, Inc. (GEF.B) – Gamco Investors, Inc. Et Al has filed a new SC 13D, reporting a 3.48% ownership stake in Greif.
CrossAmerica Partners LP (CAPL) – Alimentation Couche Tard Inc has filed a new SC 13D, reporting a 43.70% ownership stake in CrossAmerica Partners.
Amended Activist Investor Filings
National CineMedia, Inc. (NCMI) – Standard General L.P. has filed an amended Schedule 13D/A, reporting a 17.90% ownership stake in National CineMedia. This is an increase of 5.92% from their previous filing.
Rapid7, Inc. (RPD) – Tcv Vii Lp has filed an amended Schedule 13D/A, reporting a 7.80% ownership stake in Rapid7. This is a decrease of 22.77% from their previous filing.
Appian Corp. (APPN) – Abdiel Qualified Master Fund LP has filed an amended Schedule 13D/A, reporting a 39.30% ownership stake in Appian. This is an increase of 3.15% from their previous filing.
Corindus Vascular Robotics, Inc. (CVRS) – Hudson Executive Capital LP has filed an amended Schedule 13D/A, reporting a 14.20% ownership stake in Corindus Vascular Robotics. This is an increase of 132.79% from their previous filing.
Seaspan Corp. (SSW) – Washington Dennis R has filed an amended Schedule 13D/A, reporting a 32.38% ownership stake in Seaspan. This is a decrease of 2.20% from their previous filing.
NOVELION THERAPEUTICS INC. (NVLN) – Broadfin Capital, LLC has filed an amended Schedule 13D/A, reporting a 10.42% ownership stake in NOVELION THERAPEUTICS. This is a decrease of 0.95% from their previous filing.
Monster Beverage Corporation New (MNST) – Coca Cola Co has filed an amended Schedule 13D/A, reporting a 18.00% ownership stake in Monster Beverage.
Iconix Brand Group, Inc. (ICON) – Sports Direct International plc has filed an amended Schedule 13D/A, reporting a 9.20% ownership stake in Iconix Brand Group. This is a decrease of 7.07% from their previous filing.
Wynn Resorts Ltd. (WYNN) – Wynn Elaine P has filed an amended Schedule 13D/A, reporting a 9.26% ownership stake in Wynn Resorts. This is a decrease of 52.02% from their previous filing.
Enterprise Products Partners L.P. (EPD) – Williams Randa Duncan has filed an amended Schedule 13D/A, reporting a 31.90% ownership stake in Enterprise Products Partners. This is a decrease of 2.74% from their previous filing.
Harmony Merger Corp. (HRMNU) – Eisbrenner Kathleen has filed an amended Schedule 13D/A, reporting a 8.16% ownership stake in Harmony Merger.
Lennar Corp. (LEN.B) – Gamco Investors, Inc. Et Al has filed an amended Schedule 13D/A, reporting a 4.52% ownership stake in Lennar. This is a decrease of 7.38% from their previous filing.
Internap Corporation (INAP) – Gamco Investors, Inc. Et Al has filed an amended Schedule 13D/A, reporting a 10.94% ownership stake in Internap. This is a decrease of 6.09% from their previous filing.
CASI Pharmaceuticals, Inc. (CASI) – Ho Chi Sing has filed an amended Schedule 13D/A, reporting a 15.10% ownership stake in CASI Pharmaceuticals.
Layne Christensen Co. (LAYN) – Cetus Capital II, LLC has filed an amended Schedule 13D/A, reporting a 7.80% ownership stake in Layne Christensen Co.. This is a decrease of 10.34% from their previous filing.
La Jolla Pharmaceutical Co. (LJPC) – Tang Capital Partners Lp has filed an amended Schedule 13D/A, reporting a 16.30% ownership stake in La Jolla Pharmaceutical Co.. This is a decrease of 1.21% from their previous filing.
Veritone, Inc. (VERI) – Steelberg Chad has filed an amended Schedule 13D/A, reporting a 31.50% ownership stake in Veritone.
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.
NanoString Technologies, Inc. (NSTG) – Integrated Core Strategies (us) Llc has filed a new SC 13G, reporting a 4.20% ownership stake in NanoString Technologies.
Intellipharmaceutics International Inc. (IPCI) – Frigate Ventures LP has filed a new SC 13G, reporting a 7.20% ownership stake in Intellipharmaceutics International.
Forbes Energy Services Ltd. (FES) – Ascribe Capital LLC has filed a new SC 13G, reporting a 24.10% ownership stake in Forbes Energy Services.
Nuverra Environmental Solutions, Inc. (NES) – Ascribe Capital LLC has filed a new SC 13G, reporting a 46.30% ownership stake in Nuverra Environmental Solutions. This is an increase of 517.33% from their previous filing.
International Tower Hill Mines Ltd. (THM) – Electrum Strategic Opportunities Fund Ii L.p. has filed a new SC 13G, reporting a 10.70% ownership stake in International Tower Hill Mines.
SharpSpring, Inc. (SHSP) – Greenhaven Road Capital Fund 1 has filed a new SC 13G, reporting a 6.40% ownership stake in SharpSpring.
Amended Passive Investor Filings
Intellipharmaceutics International Inc. (IPCI) – Armistice Capital, Llc has filed an amended Schedule 13D/A, reporting a 18.90% ownership stake in Intellipharmaceutics International. This is an increase of 238.71% from their previous filing.
Milestone Scientific Inc. (MLSS) – Ginsberg Debra Lynn has filed an amended Schedule 13D/A, reporting a 4.80% ownership stake in Milestone Scientific. This is a decrease of 9.43% from their previous filing.
CB Pharma Acquisition Corp. (CNLM) – Owen Associates Llc has filed an amended Schedule 13D/A, reporting a 3.20% ownership stake in CB Pharma Acquisition. This is a decrease of 39.62% from their previous filing.
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