Stocks

Auris Medical Holding AG (EARS) and InspireMD, Inc. (NSPR) Activist Update

Meyer Thomas has filed an SC 13D form with the Securities and Exchange Commission (SEC) disclosing ownership of 775,868 shares of Auris Medical Holding AG (EARS). This represents 12.6 percent ownership of the company. Previously, Meyer Thomas had reported owning 7,642,500 shares, indicating a decrease of -89.85 percent.

Empery Asset Management, LP has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 571,429 shares of InspireMD, Inc. (NSPR). This represents 9.75 percent ownership of the company. InspireMD, Inc. has declared a standard industrial code (sic) of 3841 which is the “Surgical and Medical Instruments and Apparatus” 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.

MELA Sciences, Inc (MELA) – Accelmed Growth Partners, L.P. has filed a new SC 13D, reporting a 58.30% ownership stake in MELA Sciences.

Geospace Technologies Corp (GEOS) – Lemelson Capital Management LLC has filed a new SC 13D, reporting a 8.40% ownership stake in Geospace Technologies.

Auris Medical Holding AG (EARS) – Meyer Thomas has filed a new SC 13D, reporting a 12.60% ownership stake in Auris Medical Holding. This is a decrease of 26.91% from their previous filing.

Amended Activist Investor Filings

China Fund, Inc. (CHN) – City Of London Investment Group Plc has filed an amended Schedule 13D/A, reporting a 27.60% ownership stake in China Fund. This is an increase of 3.37% from their previous filing.

Aegean Marine Petroleum Network, Inc. (ANW) – Committee For Aegean Accountability has filed an amended Schedule 13D/A, reporting a 14.70% ownership stake in Aegean Marine Petroleum Network. This is an increase of 15.75% from their previous filing.

TRACON Pharmaceuticals, Inc. (TCON) – New Enterprise Associates 14, L.P. has filed an amended Schedule 13D/A, reporting a 19.99% ownership stake in TRACON Pharmaceuticals. This is an increase of 13.58% from their previous filing.

DFB Healthcare Acquisitions Corp. (DFBH) – Deerfield/rab Ventures, Llc has filed an amended Schedule 13D/A, reporting an updated ownership stake in DFB Healthcare Acquisitions.

Tallgrass Energy GP, LP (TEGP) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Tallgrass Energy GP.

Archrock Partners, L.P. (APLP) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Archrock Partners.

BP Midstream Partners LP (BPMP) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in BP Midstream Partners.

Oasis Midstream Partners LP (OMP) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Oasis Midstream Partners.

CrossAmerica Partners LP (CAPL) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in CrossAmerica Partners.

NGL Energy Partners LP (NGL) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in NGL Energy Partners.

Westlake Chemical Partners LP (WLKP) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Westlake Chemical Partners.

Semgroup Corp. (SEMG) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Semgroup.

Noble Midstream Partners LP (NBLX) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Noble Midstream Partners.

NuStar Energy L.P. (NS) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in NuStar Energy.

Rice Midstream Partners LP (RMP) – Harvest Fund Holdco L.p. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Rice Midstream Partners.

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.

CrossAmerica Partners LP (CAPL) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 9.00% ownership stake in CrossAmerica Partners. This is a decrease of 1.10% from their previous filing.

NGL Energy Partners LP (NGL) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 7.70% ownership stake in NGL Energy Partners. This is an increase of 5.48% from their previous filing.

Oasis Midstream Partners LP (OMP) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 5.50% ownership stake in Oasis Midstream Partners.

Hess Midstream Partners LP (HESM) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 10.60% ownership stake in Hess Midstream Partners.

Rice Midstream Partners LP (RMP) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 9.40% ownership stake in Rice Midstream Partners. This is a decrease of 3.09% from their previous filing.

Tallgrass Energy GP, LP (TEGP) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 6.70% ownership stake in Tallgrass Energy GP. This is a decrease of 8.22% from their previous filing.

NuStar Energy L.P. (NS) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 5.60% ownership stake in NuStar Energy. This is an increase of 7.69% from their previous filing.

Archrock Partners, L.P. (APLP) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 8.80% ownership stake in Archrock Partners. This is an increase of 3.53% from their previous filing.

Semgroup Corp. (SEMG) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 9.90% ownership stake in Semgroup. This is an increase of 5.32% from their previous filing.

Noble Midstream Partners LP (NBLX) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 9.40% ownership stake in Noble Midstream Partners. This is an increase of 4.44% from their previous filing.

BP Midstream Partners LP (BPMP) – Harvest Fund Advisors LLC has filed a new SC 13G, reporting a 8.40% ownership stake in BP Midstream Partners.

InspireMD, Inc. (NSPR) – Empery Asset Management, LP has filed a new SC 13G, reporting a 9.75% ownership stake in InspireMD.

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