Steel Partners Holdings L.p. has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 6,993,219 shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW). This represents 15.9 percent ownership of the company. Previously, Steel Partners Holdings L.p. had reported owning 6,533,359 shares, indicating an increase of 7.04 percent. Babcock & Wilcox Enterprises Inc. has declared a standard industrial code (sic) of 3433 which is the “Heating Equipment, Except Electric and Warm Air Furnaces” industry.
Economou George has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 72,421,515 shares of DryShips, Inc. (NASDAQ:DRYS). This represents 70.6 percent ownership of the company. Previously, Economou George had reported owning 72,421,515 shares, indicating a decrease of 0.00 percent.
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 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.
Yahoo! Inc. (YHOO) – TCI Fund Management Ltd has filed a new SC 13D, reporting a new ownership stake in Yahoo!.
Asbury Automotive Group, Inc. (ABG) – Abrams Capital Management, L.p. has filed a new SC 13D, reporting a 5.20% ownership stake in Asbury Automotive Group.
Amended Activist Investor Filings
Sussex Bancorp, Inc. (SBBX) – Labozzetta Anthony J has filed an amended Schedule 13D/A, reporting an updated ownership stake in Sussex Bancorp.
Houlihan Lokey, Inc. (HLI) – ORIX HLHZ Holding LLC has filed an amended Schedule 13D/A, reporting a 58.60% ownership stake in Houlihan Lokey. This is a decrease of 3.62% from their previous filing.
Babcock & Wilcox Enterprises Inc. (BW) – Steel Partners Holdings L.p. has filed an amended Schedule 13D/A, reporting a 15.90% ownership stake in Babcock & Wilcox Enterprises. This is an increase of 7.43% from their previous filing.
Recro Pharma, Inc. (REPH) – Broadfin Capital, LLC has filed an amended Schedule 13D/A, reporting a 11.67% ownership stake in Recro Pharma. This is a decrease of 11.19% from their previous filing.
Double Eagle Acquisition Corp. (EAGL) – Sloan Harry has filed an amended Schedule 13D/A, reporting a 1.80% ownership stake in Double Eagle Acquisition.
Double Eagle Acquisition Corp. (EAGL) – Sagansky Jeffrey has filed an amended Schedule 13D/A, reporting a 1.80% ownership stake in Double Eagle Acquisition.
Alliance Resource Partners, L.P. (ARLP) – Craft Joseph W Iii has filed an amended Schedule 13D/A, reporting a 66.90% ownership stake in Alliance Resource Partners. This is a decrease of 0.15% from their previous filing.
Alliance Resource Partners, L.P. (ARLP) – Alliance Holdings Gp, L.p. has filed an amended Schedule 13D/A, reporting a 66.60% ownership stake in Alliance Resource Partners. This is a decrease of 0.15% from their previous filing.
Alliance Holdings GP, L.P (AHGP) – Craft Joseph W Iii has filed an amended Schedule 13D/A, reporting a 68.80% ownership stake in Alliance Holdings GP, L.P. This is an increase of 0.29% from their previous filing.
DryShips, Inc. (DRYS) – Economou George has filed an amended Schedule 13D/A, reporting a 70.60% ownership stake in DryShips. This is an increase of 1.58% from their previous filing.
New Passive Investor 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.
AutoWeb, Inc. (AUTO) – Piton Capital Partners Llc has filed a new SC 13G, reporting a 5.30% ownership stake in AutoWeb.
Corium International, Inc. (CORI) – Ridgeback Capital Investments L.P. has filed a new SC 13G, reporting a 5.20% ownership stake in Corium International.
Sapiens International Corp. N.V. (SPNS) – Migdal Insurance & Financial Holdings Ltd. has filed a new SC 13G, reporting a 4.97% ownership stake in Sapiens International N.V.. This is a decrease of 0.80% from their previous filing.
Amended Passive Investor Filings
Talend S.A. (TLND) – Silver Lake Sumeru (offshore) Aiv Gp, Ltd. has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Talend S.A.. This is a decrease of 100.00% from their previous filing.
Community Health Systems, Inc. (CYH) – Wellington Management Group LLP has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Community Health Systems. This is a decrease of 100.00% from their previous filing.
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