Baxter International Inc (BAX) and Asure Software Inc (ASUR) Lead 13 Activist Investor Filings

In addition to Baxter, ISystems discloses a 15% stake in Asure Software

There were 13 notable investor filings over the recent days. Baxter International Inc (NYSE:BAX) 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.

Asure Software Inc (NASDAQ:ASUR) – ISYSTEMS HOLDINGS, LLC has filed a new SC 13D, reporting a 15.00% ownership stake in Asure Software.

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.

Sangamo BioSciences, Inc. (NASDAQ:SGMO)Adage Capital Partners GP LLC has filed a new SC 13G, reporting a 5.56% ownership stake in Sangamo BioSciences.

Amended Activist Investor Filings

Brink’s Company (The) (NYSE:BCO) – Starboard Value LP has filed an amended Schedule 13D/A, reporting a 4.30% ownership stake in Brink’s Company. This is a decrease of 29.51% from their previous filing.

Air Transport Services Group, Inc. (NASDAQ:ATSG) – RED MOUNTAIN CAPITAL PARTNERS LLC has filed an amended Schedule 13D/A, reporting a 11.30% ownership stake in Air Transport Services Group. This is a decrease of 1.74% from their previous filing.

NeoPhotonics Corp, (NYSE:NPTN) – RUSNANO has filed an amended Schedule 13D/A, reporting a 9.80% ownership stake in NeoPhotonics Corp.

Baxter International, Inc. (NYSE:BAX) – Third Point LLC has filed an amended Schedule 13D/A, reporting a 7.50% ownership stake in Baxter International. This is a decrease of 11.76% from their previous filing.

Cenveo, Inc. (NYSE:CVO) – Burton Capital Management, LLC has filed an amended Schedule 13D/A, reporting a 1.80% ownership stake in Cenveo.

Quintiles Transitional Holdings Inc. (NYSE:Q) – TPG Group Holdings (SBS) Advisors, Inc. has filed an amended Schedule 13D/A, reporting a 17.10% ownership stake in Quintiles Transitional Holdings. This is a decrease of 8.06% from their previous filing.

Houlihan Lokey, Inc. (NYSE:HLI) – HL VOTING TRUST has filed an amended Schedule 13D/A, reporting a 67.20% ownership stake in Houlihan Lokey. This is an increase of 0.90% from their previous filing.

Houlihan Lokey, Inc. (NYSE:HLI) – ORIX HLHZ Holding LLC has filed an amended Schedule 13D/A, reporting a 66.60% ownership stake in Houlihan Lokey. This is a decrease of 4.58% from their previous filing.

NorthStar Realty Europe Corp. (NYSE:NRE) – Colony NorthStar, Inc. has filed an amended Schedule 13D/A, reporting a 9.00% ownership stake in NorthStar Realty Europe. This is an increase of 15.38% from their previous filing.

Amended Passive Investor Filings

Superconductor Technologies, Inc. (NASDAQ:SCON) – Kopp Family Office, LLC has filed an amended Schedule 13D/A, reporting a 14.60% ownership stake in Superconductor Technologies. This is an increase of 60.44% from their previous filing.

Electrum Special Acquisition Corporation (NASDAQ:ELEC) – Weiss Asset Management LP has filed an amended Schedule 13D/A, reporting a 8.31% ownership stake in Electrum Special Acquisition. This is an increase of 13.06% from their previous filing.

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Article printed from InvestorPlace Media, https://investorplace.com/2017/06/asure-software-asur-and-baxter-international-bax-lead-13-activist-investor-filings/.

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