Intracoastal Capital, Llc has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 7,556,494 shares of BioAmber Inc. (NYSE:BIOA). This represents 9.99 percent ownership of the company. BioAmber Inc. has declared a standard industrial code (sic) of 286 which is the “Industrial Organic Chemicals” industry.
Brauser Michael has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 6,418,493 shares of Cogint, Inc. (NASDAQ:COGT). This represents 10.2 percent ownership of the company. Cogint, Inc. has declared a standard industrial code (sic) of 731 which is the "Advertising" 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.
Walter Investment Management Corp. (WAC) - Lion Point Capital, LP has filed a new SC 13D, reporting a 26.20% ownership stake in Walter Investment Management.
CTI BioPharma Corp. (CTIC) - Growth Equity Opportunities V, LLC has filed a new SC 13D, reporting a 6.00% ownership stake in CTI BioPharma.
Walter Investment Management Corp. (WAC) - Cooperman Leon G has filed a new SC 13D, reporting a 48.69% ownership stake in Walter Investment Management.
Amended Activist Investor Filings
Peregrine Pharmaceuticals, Inc. (PPHM) - Stafford John S Iii has filed an amended Schedule 13D/A, reporting a 7.50% ownership stake in Peregrine Pharmaceuticals. This is an increase of 13.64% from their previous filing.
Rice Midstream Partners LP (RMP) - Rice Midstream Gp Holdings Lp has filed an amended Schedule 13D/A, reporting a 28.10% ownership stake in Rice Midstream Partners.
Accelerate Diagnostics, Inc. (AXDX) - Schuler Jack W has filed an amended Schedule 13D/A, reporting a 29.00% ownership stake in Accelerate Diagnostics. This is an increase of 5.45% from their previous filing.
Synchronoss Technologies, Inc. (SNCR) - Siris Capital Group, LLC has filed an amended Schedule 13D/A, reporting a 19.84% ownership stake in Synchronoss Technologies. This is an increase of 53.44% from their previous filing.
HC2 Holdings, Inc. (HCHC) - Falcone Philip has filed an amended Schedule 13D/A, reporting a 15.37% ownership stake in HC2 Holdings. This is an increase of 13.85% from their previous filing.
Trinity Place Holdings Inc. (TPHS) - MFP Investors LLC has filed an amended Schedule 13D/A, reporting a 14.20% ownership stake in Trinity Place Holdings. This is an increase of 7.58% from their previous filing.
Finish Line, Inc. (THE) (FINL) - Sports Direct International plc has filed an amended Schedule 13D/A, reporting a 31.80% ownership stake in Finish Line. This is an increase of 20.91% from their previous filing.
Cogint, Inc. (COGT) - Brauser Michael has filed an amended Schedule 13D/A, reporting a 10.20% ownership stake in Cogint.
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.
Onconova Therapeutics, Inc. (ONTX) - Armistice Capital, Llc has filed a new SC 13G, reporting a 9.00% ownership stake in Onconova Therapeutics.
SB Financial Group, Inc. (SBFG) - EJF Capital LLC has filed a new SC 13G, reporting a 8.10% ownership stake in SB Financial Group.
Oasis Petroleum Inc. (OAS) - Forge Energy, Llc has filed a new SC 13G, reporting a 14.60% ownership stake in Oasis Petroleum.
US Foods Holding Corp. (USFD) - Eminence Capital, Lp has filed a new SC 13G, reporting a 5.40% ownership stake in US Foods Holding.
Comstock Resources, Inc. (CRK) - Westcott Carl H has filed a new SC 13G, reporting a 6.21% ownership stake in Comstock Resources. This is an increase of 26.48% from their previous filing.
Agilysys, Inc. (AGYS) - Park West Asset Management LLC has filed a new SC 13G, reporting a 5.10% ownership stake in Agilysys.
Professional Diversity Network, Inc. (IPDN) - Cai Shengqi has filed a new SC 13G, reporting a 9.90% ownership stake in Professional Diversity Network.
Old Republic International Corp. (ORI) - Old Republic International Corp Employees Savings & Stock Ownership Trust has filed a new SC 13G, reporting a 4.90% ownership stake in Old Republic International. This is a decrease of 7.55% from their previous filing.
LCNB Corp. (LCNB) - Lcnb Corp has filed a new SC 13G, reporting a 6.33% ownership stake in LCNB. This is a decrease of 13.41% from their previous filing.
BioAmber Inc. (BIOA) - Intracoastal Capital, Llc has filed a new SC 13G, reporting a 9.99% ownership stake in BioAmber.
Amended Passive Investor Filings
Dominion Midstream Partners LP (DM) - National Grid Plc has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Dominion Midstream Partners. This is a decrease of 100.00% from their previous filing.
Ikonics Corp. (IKNX) - Simonson Gerald W has filed an amended Schedule 13D/A, reporting a 6.20% ownership stake in Ikonics. This is an increase of 5.08% from their previous filing.
BRT Realty Trust (BRT) - Greenwood Investments, Inc. has filed an amended Schedule 13D/A, reporting a 4.80% ownership stake in BRT Realty Trust. This is a decrease of 27.27% from their previous filing.
Stepan Co. (SCL) - Stepan F Quinn has filed an amended Schedule 13D/A, reporting a 5.90% ownership stake in Stepan Co.. This is a decrease of 4.84% from their previous filing.
PICO Holdings, Inc. (PICO) - Amundi has filed an amended Schedule 13D/A, reporting a 9.30% ownership stake in PICO Holdings. This is an increase of 4.49% from their previous filing.
Tapestry, Inc. (TPR) - Amundi has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Tapestry. This is a decrease of 100.00% from their previous filing.
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