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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. 30, 2021, through Jan. 5, 2022. Source: InsiderScore.com
Activist Holdings
SWK Holdings
(SWKH)
Last week, Carlson Capital revealed that it planned to buy all of the shares of the healthcare-focused financing company it doesn’t already own for $20.20 each. Carlson owns 71% of SWK’s outstanding stock, and the all-cash deal would involve roughly 3.8 million shares. On Jan. 5, SWK’s special board committee said that talks with Carlson didn’t yield an agreement. Therefore, the offer was rejected. Carlson hasn’t disclosed a response.
Decreases in Holdings
Talos Energy
(TALO)
Apollo Management (APO) slashed its stake in the offshore oil-and-gas explorer to under 5%. An Apollo affiliate, AP Talos, sold 6,655,136 Talos shares through a Jan. 3 block trade that priced those shares at $9.35 apiece. No reason was given for the transaction that leaves Apollo with 2,913,180 Talos shares, equal to 3.6% of the tradable stock. Apollo, now holding less than 5% of Talos, is no longer required to disclose any further reductions in its Talos stake.
CoreCivic
(CXW)
Mason Capital Management reduced its position in the operator of correctional and detention facilities to 4,425,459 shares. Mason sold a total of 1,690,536 CoreCivic shares from Dec. 2, 2021, to Jan. 5, 2022, at prices ranging from $9.51 to $10.51 each. Mason now owns a 3.7% interest in CoreCivic, below the 5% threshold that requires the public disclosure of transactions.
Indus Realty Trust
(INDT)
Gamco Investors (GBL) trimmed its interest in the commercial property real estate investment trust to 1,293,560 shares. Gamco sold 47,345 Indus shares from Nov. 8, 2021, through Jan. 4, 2022, at per share prices ranging from $72.61 to $82.54. During that span, Gamco also distributed 2,431 Indus shares for no consideration. Gamco now has a 12.7% interest in Indus.
Masonite International
(DOOR)
Praesidium Investment Management decreased its holdings in the residential and commercial door maker to 1,523,167 shares. Citing the need to rebalance its portfolio, Praesidium sold 125,227 Masonite shares from Nov. 10, 2021, through Jan. 4, 2022, at prices ranging from $109.70 to $118.97 each. Praesidium noted that the combination of recent market volatility and Masonite’s appreciation spurred its decision to trim the position. Praesidium said it’s “pleased with [Masonite’s] performance and intends to maintain a significant holding” in the company.
Trinity Industries
(TRN)
ValueAct Capital revealed that it entered into a private repurchase agreement with the rail-car leasing company. Per the agreement dated Dec. 31, 2021, Trinity repurchased 8,775,008 of its shares from Value Act at a price of $28.49 per share. The transaction slashed ValueAct’s stake in Trinity by nearly 70%, to 3,870,847 shares, equal to 4.4% of Trinity’s tradable stock. As ValueAct now owns less than 5% of Trinity, it no longer needs to report any future Trinity sales.
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