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These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Dec. 10 through Dec. 16, 2020. Source: InsiderScore.com
Activist Holdings
Cardtronics
(CATM)
Hudson Executive Capital reported a stake in the ATM and financial kiosk maker of 8,658,920 shares, or 19.5% of the outstanding stock. On Dec. 7, Hudson Executive, along with affiliates of
Apollo Global Management
(APO), made a joint all-cash offer to purchase all outstanding Cardtronics shares for $31 apiece. The investors returned with a revised offer of $35 per share that Cardtronics’ board agreed to, announced on Dec. 15. The go-private deal is expected to close in the first quarter of 2021 and is subject to shareholder and regulatory approval.
Original Filings
Kinnate Biopharma
(KNTE)
OrbiMed Advisors revealed a fresh position in the cancer-focused biopharmaceutical of 3,397,929 shares, equal to a 7.8% interest. OrbiMed bought 750,000 Kinnate Biopharma shares through Kinnate’s Dec. 2 IPO that priced at $20 per share. OrbiMed’s remaining shares resulted from the conversion of pre-IPO preferred securities into Kinnate common stock immediately upon the closing of the initial offering. OrbiMed co-founder and managing partner Carl Gordon sits on Kinnate’s board.
Increases in Holdings
Benefitfocus
(BNFT)
Indaba Capital disclosed a higher stake in the cloud-based benefits-management company of 2,427,651 shares. Indaba Capital bought 815,566 Benefitfocus shares at $9.97 to $13.48 each from Oct. 19 through Dec. 11. Indaba Capital cited no reason for the fresh investment, but did reveal that it had engaged Benefitfocus and will probably do so in the future to discuss a myriad of topics, including operations, strategy, and corporate governance.
Decreases in Holdings
Cheniere Energy
(LNG)
Icahn Capital reported a smaller holding in the liquefied-natural-gas company of 18,117,999 shares. Icahn sold a total of 2,009,956 Cheniere Energy shares at $58.88 to $61.38 apiece on Nov. 30 through Dec. 11. Following the sales, Icahn retains a 7.2% interest in Cheniere Energy.
Greif
(GEF)
Gamco Investors
(GBL) lowered its position in the industrial-packaging company to 1,071,139 shares. On Oct. 15 through Dec. 9, Gamco sold 16,963 Greif shares at $42.33 to $51.66 apiece. Gamco now owns 4.1% of the outstanding stock.
Genco Shipping & Trading
(GNK)
Affiliates of Apollo Management sold a combined 1,034,877 shares of the maritime transporter. Apollo sold the Genco Shipping shares on Dec. 11 at $7.15 per share. No reason was given for Apollo’s nearly 20% cut to its Genco Shipping stake that now stands at 4,380,928 shares, a 10.5% interest in the shipping firm.
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