Committee For Aegean Accountability has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 5,181,125 shares of Aegean Marine Petroleum Network, Inc. (NYSE:ANW). This represents 12.7 percent ownership of the company. Previously, Committee For Aegean Accountability had reported owning 5,109,334 shares, indicating an increase of 1.41 percent.
Baillie Gifford & Co has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 6,899,488 shares of Ctrip.com International, Ltd. (NASDAQ:CTRP). This represents 10.54 percent ownership of the company. Previously, Baillie Gifford & Co had reported owning 6,139,397 shares, indicating an increase of 12.38 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.
Amended Activist Investor Filings
Entellus Medical, Inc. (ENTL) – Split Rock Partners, LP has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Entellus Medical.
Aegean Marine Petroleum Network, Inc. (ANW) – Committee For Aegean Accountability has filed an amended Schedule 13D/A, reporting a 12.70% ownership stake in Aegean Marine Petroleum Network. This is an increase of 0.79% from their previous filing.
Scripps Networks Interactive, Inc. (SNI) – Scripps Eaton M has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Scripps Networks Interactive. This is a decrease of 100.00% from their previous filing.
American Assets Trust Inc (AAT) – American Assets Trust, Inc. has filed an amended Schedule 13D/A, reporting a 37.40% ownership stake in American Assets Trust. This is an increase of 2.75% from their previous filing.
Progress Software Corp. (PRGS) – Praesidium Investment Management Company, LLC has filed an amended Schedule 13D/A, reporting an updated ownership stake in Progress Software.
Lawson Products, Inc. (LAWS) – Port Ronald B has filed an amended Schedule 13D/A, reporting a 9.70% ownership stake in Lawson Products. This is a decrease of 33.56% from their previous filing.
Delaware Enhanced Global Dividend & Income Fund (DEX) – Saba Capital Management, L.P. has filed an amended Schedule 13D/A, reporting a 12.05% ownership stake in Delaware Enhanced Global Dividend & Income Fund. This is a decrease of 7.31% from their previous filing.
Diebold, Inc. (DBD) – Atlantic Investment Management Inc has filed an amended Schedule 13D/A, reporting a 8.00% ownership stake in Diebold. This is an increase of 17.65% from their previous filing.
Expedia, Inc. (EXPE) – Liberty Expedia Holdings, Inc. has filed an amended Schedule 13D/A, reporting a 19.40% ownership stake in Expedia. This is a decrease of 0.51% from their previous filing.
Janus Henderson Group plc (JHG) – Dai Ichi Life Insurance Co., Ltd. has filed an amended Schedule 13D/A, reporting a 16.10% ownership stake in Janus Henderson Group. This is an increase of 7.33% from their previous filing.
Lawson Products, Inc. (LAWS) – King Luther Capital Management Corp has filed an amended Schedule 13D/A, reporting a 29.00% ownership stake in Lawson Products. This is an increase of 5.07% 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.
RISE Education Cayman Ltd (REDU) – Ishana Capital Ltd has filed a new SC 13G, reporting a 5.00% ownership stake in RISE Education Cayman.
China Rapid Finance Limited (XRF) – United Investment Holding Co Ltd has filed a new SC 13G, reporting a 6.00% ownership stake in China Rapid Finance.
McClatchy Co. (THE) (MNI) – Capital Ventures International has filed a new SC 13G, reporting a 5.10% ownership stake in McClatchy Co..
Moelis & Co. (MC) – Kayne Anderson Rudnick Investment Management Llc has filed a new SC 13G, reporting a 8.36% ownership stake in Moelis & Co..
Athene Holding Ltd (ATH) – Abu Dhabi Investment Authority has filed a new SC 13G, reporting a 5.50% ownership stake in Athene Holding. This is an increase of 36,566.67% from their previous filing.
Vertex Energy, Inc. (VTNR) – Lytton Laurence W has filed a new SC 13G, reporting a 5.40% ownership stake in Vertex Energy.
Amended Passive Investor Filings
Ctrip.com International, Ltd. (CTRP) – Baillie Gifford & Co has filed an amended Schedule 13D/A, reporting a 10.54% ownership stake in Ctrip.com International. This is an increase of 10.14% from their previous filing.
Marrone Bio Innovations, Inc. (MBII) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 2.57% ownership stake in Marrone Bio Innovations. This is a decrease of 69.30% from their previous filing.
Eli Lilly & Co. (LLY) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 5.00% ownership stake in Eli Lilly & Co.. This is an increase of 0.20% from their previous filing.
Flextronics International Ltd. (FLEX) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 10.16% ownership stake in Flextronics International. This is an increase of 1.80% from their previous filing.
Alkermes plc (ALKS) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 15.00% ownership stake in Alkermes. This is an increase of 5.19% from their previous filing.
SurModics, Inc. (SRDX) – Trigran Investments, Inc. has filed an amended Schedule 13D/A, reporting an updated ownership stake in SurModics.
Dynamic Materials Corp. (BOOM) – Heartland Advisors Inc has filed an amended Schedule 13D/A, reporting a 4.80% ownership stake in Dynamic Materials. This is a decrease of 28.36% from their previous filing.
Noah Holdings Ltd. (NOAH) – Jia Investment Co., Ltd. has filed an amended Schedule 13D/A, reporting a 7.10% ownership stake in Noah Holdings. This is a decrease of 6.58% from their previous filing.
Noah Holdings Ltd. (NOAH) – Quan Investment Co., Ltd. has filed an amended Schedule 13D/A, reporting a 5.70% ownership stake in Noah Holdings. This is a decrease of 3.39% from their previous filing.
Noah Holdings Ltd. (NOAH) – Jing Investors Co., Ltd. has filed an amended Schedule 13D/A, reporting a 23.90% ownership stake in Noah Holdings. This is a decrease of 3.24% from their previous filing.
ScanSource, Inc. (SCSC) – Pzena Investment Management Llc has filed an amended Schedule 13D/A, reporting a 4.90% ownership stake in ScanSource. This is a decrease of 5.77% from their previous filing.
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