There were 13 notable activist 13D filings today. Of particular note is are two amended filings regarding tech firm VMWare, Inc. (NYSE:VMW) and activist investor Starboard Value decreasing its ownership stake in pharmaceutical company DepoMed, Inc. (NASDAQ:DEPO).
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 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 Filings
Quorum Health Corporation (NYSE:QHC) – has filed a new Schedule 13D, reporting a 5.60% ownership stake in Quorum Health Corporation.
Amended Activist Filings
Foresight Energy LP (NYSE:FELP) – has filed an amended Schedule 13D/A, reporting a 27.10% ownership stake in Foresight Energy LP. This is a decrease of 12.58% from their previous filing.
Foresight Energy LP (NYSE:FELP) – has filed an amended Schedule 13D/A, reporting a 27.10% ownership stake in Foresight Energy LP.
DepoMed, Inc. (NASDAQ:DEPO) – has filed an amended Schedule 13D/A, reporting a 8.80% ownership stake in DepoMed, Inc.. This is a decrease of 10.20% from their previous filing.
LightInTheBox Holding Co., Ltd. (NYSE:LITB) – has filed an amended Schedule 13D/A, reporting a 2.10% ownership stake in LightInTheBox Holding Co., Ltd.. This is a decrease of 94.07% from their previous filing.
VMWare, Inc. (NYSE:VMW
) – has filed an amended Schedule 13D/A, reporting an updated ownership stake in VMWare, Inc.
VMWare, Inc. (NYSE:VMW) – has filed an amended Schedule 13D/A, reporting an updated ownership stake in VMWare, Inc.
Imation Corp. (NYSE:IMN) – has filed an amended Schedule 13D/A, reporting a 4.00% ownership stake in Imation Corp. This is an increase of 66.67% from their previous filing.
American River Bankshares (NASDAQ:AMRB) – has filed an amended Schedule 13D/A, reporting a 6.60% ownership stake in American River Bankshares. This is a decrease of 14.29% from their previous filing.
Exar Corp. (NYSE:EXAR) – has filed an amended Schedule 13D/A, reporting a 5.00% ownership stake in Exar Corp.. This is a decrease of 1.96% from their previous filing.
Christopher & Banks Corp. (NYSE:CBK) – has filed an amended Schedule 13D/A, reporting a 11.10% ownership stake in Christopher & Banks Corp.. This is an increase of 5.71% from their previous filing.
MidWestOne Financial Group, Inc. (NASDAQ:MOFG) – has filed an amended Schedule 13D/A, reporting a 3.60% ownership stake in MidWestOne Financial Group, Inc.. This is a decrease of 83.33% from their previous filing.
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