There were eleven notable investor filings today. Applied Optoelectronics Inc (NASDAQ:AAOI) is the largest company of interest.
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 13D 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.
New Passive Investor 13G 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.
Amended Activist Investor 13G Filings
Xenith Bankshares, Inc. (NASDAQ:XBKS) – CapGen Capital Group VI LP has filed an amended Schedule 13D/A, reporting a 22.10% ownership stake in Xenith Bankshares. This is a decrease of 0.45% from their previous filing.
Concurrent Computer Corp. (NASDAQ:CCUR) – SINGER JULIAN D. has filed an amended Schedule 13D/A, reporting a 13.90% ownership stake in Concurrent Computer. This is an increase of 15.83% from their previous filing.
Amended Passive Investor Filings
Applied Optoelectronics, Inc. (NASDAQ:AAOI) – Whale Rock Capital Management LLC has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Applied Optoelectronics. This is a decrease of 100.00% from their previous filing.
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