Billionaire Mori Arkin filed a 13D on Aclaris Therapeutics (ACRS), a development stage microcap biotech company with a promising treatment for common warts. Arkin bought the shares through his personal partnership, "The 1999 Company." In the activist filing he disclosed the following trades: Purchase/SaleSharesPriceDate Running ...
Paul Singer’s Elliott Management is the largest and arguably the most successful activist hedge fund. So when Singer first buys a stake in a stock, that company’s management shudders, and the share price jumps. Singer’s 13D filing usually means higher prices in the target stock in the...
In a 13D filed on Jan. 21 targeting Garrison Capital (GARS), corporate activist Joseph Stilwell notes that he has taken an "activist position" in 68 publicly-traded companies since 2000. In his most recent 13D, Stilwell Value, LLC disclosed a 5% stake in Garrison, a...
On April 30, Phillip Goldstein disclosed a 9.9976% position in Herzfeld Caribbean Basin Ltd. (CUBA). In a 13D filing, Goldstein said that if the founder and manager of the CUBA closed-end fund was to "dissolve" it, shareholders would gain "about 25%." Goldstein is...
Its 13F filings season again -- when hedge fund managers show their hands. Forty-five days after the end of every quarter, every U.S. institutional investor with assets over $100 million is required to report its holdings to the SEC via 13F filings. Last quarter...
Benjamin Graham activist investor. That's not a term we often hear. Usually Ben Graham is referred to as "The Father of Value Investing." He's the man who coined the term "margin of safety" -- minimizing risk and maximizing profits by buying stocks at deep discounts to intrinsic...
Starboard Value cut its Cars.com stake aggressively after the online auto retailer's strategic search failed and the company announced disappointing Q2 results. In a 13D/A filing submitted Wednesday afternoon, the hedge fund disclosed selling 4.47 million shares of the online automobile retailer on August 5-6 at...
Engine Capital filed a 13D targeting PDL BioPharm (PDLI) on Wednesday morning, disclosing a 5.28% stake in the Nevada-based healthcare stock. Engine also disclosed it sent a letter to PDLI's board saying the fund "invested in PDLI because of the significant intrinsic value attributable to...
On May 6, Arconic Inc.'s (ARNC) insiders disclosed the purchase of $1.6 million of stock as the aluminum-parts maker announced additional share buybacks and clarified plans for a spinoff. Chairman and CEO John Plant bought 50,000 shares of ARNC at $22.14. Since March...
Home Depot co-founder Ken Langone, 83, is famously frugal. In an interview with CNBC last year the multi-billionaire told of challenging the cable company’s $200 bill for his Manhattan apartment’s service. “The point I'm making is it's not that I'm cheap, it's just that I want to make sure I don't squander money," Langone says.