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Seattle Genetics, Inc. (SGEN) Leads 10 Notable Investor Filings

Baker Brothers reduces stake in Seattle Genetics (SGEN)

   

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.

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, and 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.

Here are 6 recent notable filings:

New Activist Investor 13D Filings

Mueller Water Products, Inc. (NYSE:MWA) – GAMCO INVESTORS, INC. ET AL has filed a new SC 13D, reporting a 0.92% ownership stake in Mueller Water Products.

Amended Activist Investor 13D Filings

Rosetta Stone, Inc. (NYSE:RST) – Nierenberg Investment Management Company, Inc. has filed an amended Schedule 13D/A, reporting an updated ownership stake in Rosetta Stone.

Seattle Genetics, Inc. (NASDAQ:SGEN) – Baker Brothers Advisors LP has filed an amended Schedule 13D/A, reporting a 32.10% ownership stake in Seattle Genetics. This is a decrease of 0.62% from their previous filing.

TerraForm Power Inc. (NASDAQ:TERP) – BROOKFIELD ASSET MANAGEMENT INC. has filed an amended Schedule 13D/A, reporting a 11.79% ownership stake in TerraForm Power. This is a decrease of 3.04% from their previous filing.

SunOpta Inc. (NASDAQ:STKL) – OAKTREE CAPITAL MANAGEMENT LP has filed an amended Schedule 13D/A, reporting a 13.80% ownership stake in SunOpta. This is an increase of 9.52% from their previous filing.

SP Plus Corporation (NASDAQ:SP) – KOHLBERG CPC REP, L.L.C. has filed an amended Schedule 13D/A, reporting a 4.40% ownership stake in SP Plus.

Tempur Sealy International, Inc. (NYSE:TPX) – H PARTNERS MANAGEMENT, LLC has filed an amended Schedule 13D/A, reporting a 15.30% ownership stake in Tempur Sealy International. This is an increase of 8.51% from their previous filing.

Tidewater, Inc. (NYSE:TDW) – ROBOTTI ROBERT has filed an amended Schedule 13D/A, reporting a 9.80% ownership stake in Tidewater. This is an increase of 5.38% from their previous filing.

New Passive Investor 13G Filings

Arbutus Biopharma Corporation (NASDAQ:ABUS) – RTW INVESTMENTS, LLC has filed a new SC 13G, reporting a 5.00% ownership stake in Arbutus Biopharma.

Amended Passive Investor 13G Filings

Trade Desk, Inc. (NASDAQ:TTD) – Hadley Harbor Master Investors (Cayman) L.P. has filed an amended Schedule 13D/A, reporting a 6.72% ownership stake in Trade Desk. This is a decrease of 43.58% from their previous filing.

Fintel provides advanced investor tools for data driven investors. See all new activist filings at Fintel.io/activists and new insider purchases at Fintel.io/insiders.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/05/seattle-genetics-sgen-leads-ten-notable-investor-filings/.

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