Barron's Activist Stocks 3-21-2009
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Date updated:03-21-2009

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
  • +
  • AVCA
    Advocat
  • $6.65
  • 0.00%
  • $N/A

Bristol Investment Fund said that it is nominating two directors, Paul Kessler and Richard McKilligan, for election to Advocat's board at the company's 2009 annual meeting. Bristol owns 389,850 shares (6.87% of the total outstanding).

People owning AVCA also tend to own: INTCMSFTCOPHNZIHRISIGORCL

TheStreet.com Rating: C What is this?

  • +
  • ASPM
    Aspect Medical Sy
  • $12.27
  • 0.00%
  • $N/A

Coghill Capital Management plans to talk with Aspect Medical about strategic alternatives that could result in a change of control of the company. Coghill added that it also intends to talk with Aspect Medical concerning its capital and cost structure, and its direction and leadership. Coghill owns about 2.8 million shares (16.2%).

People owning ASPM also tend to own: ANENBECNBMRBTUICERSCLDNJOBS

TheStreet.com Rating: No Rating What is this?

  • +
  • LGF
    Lions Gate Entmt
  • $5.08
  • -0.97%
  • $5.16

MHR Fund Management and its affiliates say they have been in talks with Lions Gate about the possibility of adding a nominee to the company's board. MHR Fund Management also said that it is "principally supportive" of Lions Gate's managers and their publicly stated strategies. MHR, which is majority-owned by Mark Rachesky, acquired the shares because it believed the stock represented "an attractive investment opportunity," according to the filing. The announcement by MHR was widely interpreted as support for the film and television studio's management, as it attempts to rebuff advances from activist investor Carl Icahn. Icahn is seeking to boost his 14.5% stake and has threatened to launch a proxy fight. MHR and its affiliates hold 23,165,278 shares (19.99% of the shares outstanding).

People owning LGF also tend to own: AAPLCTXSDODFXMSFTPETSAMATBA

TheStreet.com Rating: C- What is this?

  • +
  • RMX
    Ready Mix Inc.
  • $3.09
  • +3.69%
  • $2.98

Ready Mix and its majority stakeholder, Meadow Valley Holdings, entered into a confidentiality agreement regarding potential transactions. Pursuant to the agreement, Ready Mix agreed to furnish Meadow Valley Holdings and its affiliates with confidential information to facilitate the undertaking of an evaluation of potential transactions. Meadow Valley holds 2,645,212 shares (a 69.4% stake).

People owning RMX also tend to own: CXDUKERJFBTNFLXPGSAFT

TheStreet.com Rating: D What is this?

  • +
  • TMI
    China Mediaexpres
  • $12.94
  • 0.00%
  • $N/A

Full Value Partners said that it intends to file a lawsuit to force the company to hold its annual meeting as scheduled. TM Entertainment recently pushed back the meeting's date, to May 13 from April 14. Phillip Goldstein, a principal of Full Value Partners, said that he is concerned that TM Entertainment & Media's management might attempt to delay the meeting again. Full Value holds 2,340,350 shares (18.72%).

People owning TMI also tend to own: AOIARRBBEPBPWCSEELOSENZN

TheStreet.com Rating: No Rating What is this?

  • +
  • ARL
    Amer Rlty Investo
  • $8.27
  • 0.00%
  • $N/A

Syntek West reported ownership of 579,958 shares (5.16%), after buying 46,400 at $11.14 a share. Syntek says it acquired the shares of the Dallas-based company as an investment, and at present has no plans or proposals that would result in its seeking to acquire the entire company.

People owning ARL also tend to own: AHTCIMTCSPIHRPMACEPARLXEC

TheStreet.com Rating: No Rating What is this?

  • +
  • ZZ
    Sealy Corporation
  • $2.53
  • 0.00%
  • $N/A

Bart Partners reported ownership of 4,654,889 shares (5.1%), after buying 722,724 from Feb. 13 to March 17 at 51 cents to $1.19 each.

People owning ZZ also tend to own: BMYCSCODIVXGMEMCDBEASWCI

TheStreet.com Rating: D What is this?

  • +
  • ALLB
    Alliance Bancorp
  • $8.60
  • 0.00%
  • $N/A

Activist shareholder Joseph Stilwell reported ownership of 360,475 shares (5.2%), after purchasing 67,970 from Jan. 15 to March 6 for $7.25 to $8.00 each. Stilwell says that it doesn't believe that the value of Alliance's assets is adequately reflected in the current market price of the common stock.

People owning ALLB also tend to own: BOFLCMECZFCFKFSGFSIITGNDAQ

TheStreet.com Rating: C What is this?

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