There were 13 notable investor filings over the past few days, with Whole Foods Market, Inc. (NASDAQ:WFM) 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.
Xtant Medical Holdings, Inc. (NYSEMKT:XTNT) – ORBIMED ADVISORS LLC has filed a new SC 13D, reporting a 9.90% ownership stake in Xtant Medical Holdings. This is a decrease of 0.90% from their previous filing.
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.
Nutraceutical International Corp. (NASDAQ:NUTR) – DALTON GREINER HARTMAN MAHER & CO has filed a new SC 13G, reporting a 1.86% ownership stake in Nutraceutical International. This is a decrease of 70.62% from their previous filing.
Amended Activist Investor Filings
Editas Medicine, Inc. (NASDAQ:EDIT) – Polaris Venture Partners VI, L.P. has filed an amended Schedule 13D/A, reporting a 6.40% ownership stake in Editas Medicine. This is a decrease of 40.19% from their previous filing.
Beasley Broadcast Group, Inc. (NASDAQ:BBGI) – BORDES PETER A JR has filed an amended Schedule 13D/A, reporting a 11.61% ownership stake in Beasley Broadcast Group. This is a decrease of 0.51% from their previous filing.
Bon-Ton Stores, Inc. (THE) (NASDAQ:BONT) – GAMCO INVESTORS, INC. ET AL has filed an amended Schedule 13D/A, reporting a 1.55% ownership stake in Bon-Ton Stores. This is a decrease of 8.28% from their previous filing.
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