Quantcast

Activist Investor Report – 7 New Filings to Watch


Shutterstock photo

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

There were 7 notable activist and passive investor filings today. That includes VMWare, Inc. (NYSE: VMW ) and an amended filing from Silver Lake Group, L.L.C. and by Dell Technologies Inc.

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 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.

Culp, Inc. (NYSE: CFI ) - Culp, Inc. is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. ABERDEEN ASSET MANAGEMENT PLC/UK  has filed a new SC 13G, reporting a 10.40% ownership stake in Culp, Inc.. This is an increase of 26.83% from their previous filing.

Amended Activist Investor Filings

VMWare, Inc. (NYSE: VMW ) - VMware, Inc. is an information technology and virtualization company. Silver Lake Group, L.L.C.  has filed an amended Schedule 13D/A, reporting a 82.20% ownership stake in VMWare, Inc.

VMWare, Inc. (NYSE: VMW ) - Dell Technologies Inc has also filed an amended Schedule 13D/A, reporting a 82.20% ownership stake in VMWare.

KapStone Paper & Packaging Corp. (NYSE: KS ) - KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. KAPLAN MATTHEW S  has filed an amended Schedule 13D/A, reporting a 4.02% ownership stake in KapStone Paper & Packaging Corp.

KapStone Paper & Packaging Corp.  (NYSE: KS ) -  STONE ROGER W  has also filed an amended Schedule 13D/A, reporting a 5.91% ownership stake in KapStone.

Trinity Place Holdings Inc.  (AMEX: TPHS ) - TPHS is a vertically integrated real estate company.  MARCATO CAPITAL MANAGEMENT LP  has filed an amended Schedule 13D/A, reporting a 14.10% ownership stake in Trinity Place Holdings Inc. This is a decrease of 14.55% from their previous filing.

Amended Passive Investor Filings

1st Constitution Bancorp  (NASDAQ: FCCY ) - FCCY is a bank holding comapany.  MANGANO ROBERT F  has filed an amended Schedule 13D/A, reporting a 6.30% ownership stake in 1st Constitution Bancorp.

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 .

The post Activist Investor Report - 7 New Filings to Watch appeared first on InvestorPlace .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Stocks
Referenced Symbols: VMW , TPHS , FCCY



More from InvestorPlace Media

Subscribe







InvestorPlace Media
Contributor:

InvestorPlace Media

Investing, Financial News












Research Brokers before you trade

Want to trade FX?