Wynn Stephen A has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 8,026,708 shares of Wynn Resorts Ltd. (NASDAQ:WYNN). This represents 7.8 percent ownership of the company. Wynn Resorts Ltd. has declared a standard industrial code (sic) of 7011 which is the “Hotels and Motels” industry.
Sabby Management, LLC has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,187,251 shares of Eleven Biotherapeutics, Inc. (NASDAQ:EBIO). This represents 7.4 percent ownership of the company. Previously, Sabby Management, LLC had reported owning 348,893 shares, indicating an increase of 813.53 percent. Eleven Biotherapeutics, Inc. has declared a standard industrial code (sic) of 2834 which is the “Pharmaceutical Preparations” 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.
Gulf Island Fabrication, Inc. (GIFI) – Piton Capital Partners Llc has filed a new SC 13D, reporting a 7.10% ownership stake in Gulf Island Fabrication. This is an increase of 12.70% from their previous filing.
Lazydays Holdings, Inc. (LAZY) – Wayzata Investment Partners LLC has filed a new SC 13D, reporting a 27.90% ownership stake in Lazydays Holdings.
Amended Activist Investor Filings
Nordstrom, Inc. (JWN) – Nordstrom Bruce A has filed an amended Schedule 13D/A, reporting a 15.30% ownership stake in Nordstrom. This is a decrease of 1.29% from their previous filing.
Coastway Bancorp, Inc. (CWAY) – Clover Partners, L.P. has filed an amended Schedule 13D/A, reporting a 3.90% ownership stake in Coastway Bancorp. This is a decrease of 53.57% from their previous filing.
Key Technology, Inc. (KTEC) – Schreyer Leslie J has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Key Technology. This is a decrease of 100.00% from their previous filing.
Houlihan Lokey, Inc. (HLI) – Hl Voting Trust has filed an amended Schedule 13D/A, reporting a 55.50% ownership stake in Houlihan Lokey. This is a decrease of 8.11% from their previous filing.
WAVE Life Sciences Ltd. (WVE) – Kagoshima Shinsangyo Sousei Investment Limited Partnership has filed an amended Schedule 13D/A, reporting a 8.90% ownership stake in WAVE Life Sciences. This is a decrease of 25.21% from their previous filing.
Orgenesis, Inc. (ORGS) – Universite Libre De Bruxelles has filed an amended Schedule 13D/A, reporting a 4.03% ownership stake in Orgenesis. This is a decrease of 60.18% from their previous filing.
National CineMedia, Inc. (NCMI) – Amc Entertainment Holdings, Inc. has filed an amended Schedule 13D/A, reporting a 22.30% ownership stake in National CineMedia. This is a decrease of 3.88% from their previous filing.
Key Technology, Inc. (KTEC) – Gamco Investors, Inc. Et Al has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Key Technology. This is a decrease of 100.00% from their previous filing.
Wynn Resorts Ltd. (WYNN) – Wynn Stephen A has filed an amended Schedule 13D/A, reporting a 7.80% ownership stake in Wynn Resorts.
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.
Eleven Biotherapeutics, Inc. (EBIO) – Sabby Management, LLC has filed a new SC 13G, reporting a 7.40% ownership stake in Eleven Biotherapeutics. This is an increase of 413.89% from their previous filing.
Ampliphi Biosciences Corp. (APHB) – Sabby Management, LLC has filed a new SC 13G, reporting a 7.78% ownership stake in Ampliphi Biosciences. This is an increase of 55.91% from their previous filing.
Arcadia Biosciences, Inc. (RKDA) – Sabby Management, LLC has filed a new SC 13G, reporting a 6.17% ownership stake in Arcadia Biosciences.
Fly Leasing Ltd. (FLY) – Morgan Stanley has filed a new SC 13G, reporting a 5.50% ownership stake in Fly Leasing.
Lazydays Holdings, Inc. (LAZY) – Division of Investment, Department of the Treasury, State of New Jersey has filed a new SC 13G, reporting a 8.64% ownership stake in Lazydays Holdings.
Amended Passive Investor Filings
Goodrich Petroleum Corporation (GDP) – Gen IV Investment Opportunities, LLC has filed an amended Schedule 13D/A, reporting a 15.57% ownership stake in Goodrich Petroleum. This is an increase of 47.44% from their previous filing.
Anika Therapeutics Inc. (ANIK) – Sherwood Charles H has filed an amended Schedule 13D/A, reporting a 5.15% ownership stake in Anika Therapeutics.
BankFinancial Corp. (BFIN) – Clover Partners, L.P. has filed an amended Schedule 13D/A, reporting a 1.50% ownership stake in BankFinancial. This is a decrease of 71.15% from their previous filing.
Pacific Mercantile Bancorp (PMBC) – Clover Partners, L.P. has filed an amended Schedule 13D/A, reporting a 2.40% ownership stake in Pacific Mercantile Bancorp. This is a decrease of 62.50% from their previous filing.
Malvern Bancorp, Inc. (MLVF) – Clover Partners, L.P. has filed an amended Schedule 13D/A, reporting a 2.60% ownership stake in Malvern Bancorp. This is a decrease of 63.89% from their previous filing.
Entercom Communications Corp. (ETM) – Boynton Edwin R has filed an amended Schedule 13D/A, reporting a 1.66% ownership stake in Entercom Communications. This is a decrease of 76.39% from their previous filing.
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