Stocks

Netlist, Inc. (NLST) and Sphere 3D Corp. (ANY) Activist Update

Hong Chun K has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 6,538,371 shares of Netlist, Inc. (NASDAQ:NLST). This represents 7.5 percent ownership of the company. Previously, Hong Chun K had reported owning 6,658,371 shares, indicating a decrease of -1.80 percent. Netlist, Inc. has declared a standard industrial code (sic) of 3674 which is the “Semiconductors and Related Devices” industry.

MacFarlane Family Ventures, LLC has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,294,569 shares of Sphere 3D Corp. (NASDAQ:ANY). This represents 25.4 percent ownership of the company. Previously, MacFarlane Family Ventures, LLC had reported owning 1,994,570 shares, indicating an increase of 15.04 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

Lilis Energy, Inc. (LLEX) – Mirman Abraham has filed an amended Schedule 13D/A, reporting a 5.00% ownership stake in Lilis Energy. This is a decrease of 32.43% from their previous filing.

Sphere 3D Corp. (ANY) – MacFarlane Family Ventures, LLC has filed an amended Schedule 13D/A, reporting a 25.40% ownership stake in Sphere 3D. This is a decrease of 12.11% from their previous filing.

Seanergy Maritime Holdings Corp. (SHIP) – Jelco Delta Holding Corp. has filed an amended Schedule 13D/A, reporting a 73.60% ownership stake in Seanergy Maritime Holdings. This is a decrease of 1.47% from their previous filing.

Asterias Biotherapeutics, Inc. (AST) – Broadwood Partners LP has filed an amended Schedule 13D/A, reporting a 21.30% ownership stake in Asterias Biotherapeutics. This is an increase of 54.35% from their previous filing.

Baker Hughes, a GE company (BHGE) – General Electric Co has filed an amended Schedule 13D/A, reporting a 62.60% ownership stake in Baker Hughes, a GE.

Apollo Medical Holdings, Inc. (AMEH) – Sakhrani Lakhi has filed an amended Schedule 13D/A, reporting a 4.65% ownership stake in Apollo Medical Holdings. This is a decrease of 16.52% from their previous filing.

Apollo Medical Holdings, Inc. (AMEH) – Allied Physicians Of California, A Profession Medical Corp has filed an amended Schedule 13D/A, reporting a 5.06% ownership stake in Apollo Medical Holdings. This is a decrease of 16.36% from their previous filing.

Apollo Medical Holdings, Inc. (AMEH) – Sim Kenneth T. has filed an amended Schedule 13D/A, reporting a 4.70% ownership stake in Apollo Medical Holdings. This is a decrease of 16.37% from their previous filing.

Apollo Medical Holdings, Inc. (AMEH) – Lam Thomas S. has filed an amended Schedule 13D/A, reporting a 4.70% ownership stake in Apollo Medical Holdings. This is a decrease of 16.37% from their previous filing.

Perceptron, Inc. (PRCP) – Moab Capital Partners LLC has filed an amended Schedule 13D/A, reporting a 9.70% ownership stake in Perceptron. This is an increase of 12.79% from their previous filing.

Purple Innovation, Inc. (PRPL) – Global Partner Sponsor I LLC has filed an amended Schedule 13D/A, reporting a 6.70% ownership stake in Purple Innovation.

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.

DROPBOX, INC. (DBX) – Salesforce Com Inc has filed a new SC 13G, reporting a 7.42% ownership stake in DROPBOX.

CarGurus, Inc. (CARG) – Promerica Capital Llc has filed a new SC 13G, reporting a 5.30% ownership stake in CarGurus.

Flamel Technologies S.A. (FLML) – Armistice Capital, Llc has filed a new SC 13G, reporting a 4.80% ownership stake in Flamel Technologies S.A..

Keane Group, Inc. (FRAC) – Keane Investor Holdings Llc has filed a new SC 13G, reporting a 64.60% ownership stake in Keane Group.

Amended Passive Investor Filings

Buckeye Partners, L.P. (BPL) – Harvest Fund Advisors LLC has filed an amended Schedule 13D/A, reporting a 3.40% ownership stake in Buckeye Partners. This is a decrease of 37.04% from their previous filing.

Shell Midstream Partners LP (SHLX) – Harvest Fund Advisors LLC has filed an amended Schedule 13D/A, reporting a 2.30% ownership stake in Shell Midstream Partners. This is a decrease of 54.90% from their previous filing.

Netlist, Inc. (NLST) – Hong Chun K has filed an amended Schedule 13D/A, reporting a 7.50% ownership stake in Netlist. This is a decrease of 30.56% from their previous filing.

CarGurus, Inc. (CARG) – Parafestas Anastasios has filed an amended Schedule 13D/A, reporting a 21.80% ownership stake in CarGurus. This is a decrease of 30.79% from their previous filing.

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