Barron's Activist Stocks 11-22-2008
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Created by barrons3
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Date updated:11-22-2008

Each week Barron's has a 13D Filings column. 13Ds are filed when a fund (usually an activist hedge fund) accumulates more than 5% of a firm and is planning on pushing for change (e.g.a sale of the company, sale of certain assets, a share buyback, or a share dividend) to unlock value.

symbol name last price % change open
  • +
  • ACTL
    Actel Corporation
  • $11.69
  • -1.10%
  • $11.90

Hedge fund Ramius wants Actel to sell its flash business or "significantly reduce expenses" in it and focus only on its core end markets. Ramius also wants the company to look into a joint venture with a large competitor that could offer development and marketing support, and that has the tools to increase market share and profitability in more competitive end markets. Ramius currently holds 2,047,839 shares (7.9% of the outstanding). For more details, see the Activist Spotlight, at right.

People owning ACTL also tend to own: AFCEAZPNBYDBYICECODCRDTG

TheStreet.com Rating: C- What is this?

  • +
  • ENZN
    Enzon Pharmaceuti
  • $10.32
  • -0.67%
  • $10.51

DellaCamera Capital Master Fund said it has engaged investment bank Moelis & Co. to explore alternatives for its investment in Enzon. The investor previously said it may consider a "public-consent solicitation" to amend the company's bylaws. It also called for Enzon to take certain actions to increase shareholder value, including looking at an $80 million share-repurchase program, monetizing a minimum of $70 million of the company's royalty streams, and soliciting bids for Enzon's marketed products and royalty segments. DellaCamera currently holds 3,553,558 shares (7.8%).

People owning ENZN also tend to own: BEASELOSGMNBIXPHRMQIDBGG

TheStreet.com Rating: C What is this?

  • +
  • TLP
    Transmontaigne Lp
  • $26.00
  • -0.42%
  • $26.06

Morgan Stanley (MS) reported holding 839,842 common limited-partner units (8.4%) on November 19.

People owning TLP also tend to own: BACCOPFCXFXIGEGILDGLD

TheStreet.com Rating: B What is this?

  • +
  • SUAI
    Specialty Underwr
  • $6.62
  • 0.00%
  • $N/A

The Philip Stephenson Revocable Living Trust reported ownership of 791,154 shares (5.5%), after buying 636,632 from Sept. 10 to Nov. 13 at $3.10 to $5.20 each. The trust acquired the shares because it believed they were "undervalued and represented an attractive investment opportunity." The trust intends to communicate with the company's board, management or other shareholders about exploring options for enhancing shareholder value.

People owning SUAI also tend to own: CFJBSSPBYTBACTECUATRAACGL

TheStreet.com Rating: C+ What is this?

  • +
  • SLTC
    Selectica
  • $0.26
  • -7.11%
  • $0.2899

Trilogy reported ownership of 1,437,891 shares (5.1%), after buying those shares from Oct. 8 to Nov. 10 at 89 cents to $1.05 a share.

People owning SLTC also tend to own: ADPTAGLBCOCEMCHVCNOCUO

TheStreet.com Rating: D- What is this?

  • +
  • CZZ
    Cosan Limited Cl
  • $7.75
  • -0.64%
  • $7.67

GIF Gestao de Investimentos e Participacoes reported ownership of 31,666,666 shares (18.2%), after buying those shares through a purchase agreement on Oct. 20 and 27 at $4.50 a share.

People owning CZZ also tend to own: AMXCOVEXHFAFGFAHLXICE

TheStreet.com Rating: D What is this?

  • +
  • TCM
    Tongjitang Ch Md
  • $4.041
  • -1.44%
  • $4.0999

Fosun Industrial raised its stake to 10.03 million shares (7.4%) from 8.66 million (6.4%) reported on Oct. 31.

People owning TCM also tend to own: BBNDCOHDLBFCXBTUDNDNEMR

TheStreet.com Rating: D What is this?

  • +
  • DPTR
    Delta Petroleum C
  • $0.9244
  • -0.01%
  • $0.9199

Billionaire investor Kirk Kerkorian's investment vehicle, Tracinda, increased its holdings to 37,228,000 shares (36.02%), after buying 1.1 million shares on Nov. 11 and 12 at about $5.61 apiece. Tracinda purchased the shares because it believes that Delta's stock is "significantly undervalued." Tracinda supports Delta Petroleum's decision, announced Oct. 31, to consider joint-venture alternatives, as well as possible partial-sale transactions, involving the company's oil and gas interests in the Piceance Basin of Colorado.

People owning DPTR also tend to own: ACIENGEPGFIPBWGSSHAL

TheStreet.com Rating: D What is this?

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