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Apricus Biosciences, Inc. (APRI) And InspireMD, Inc. (NSPR) Activist Update

|Includes: Apricus Biosciences, Inc (APRI), NSPR

When a person or group of persons acquires beneficial ownership of more than 5% of a company’s equity securities, they are required to file a Schedule 13D or 13G with the SEC. If these groups intend to influence management into changing the business strategy, they are considered "activist" investors. There is considerable academic research that suggest activist investors contribute to excess returns in equities in the subsequent twelve months after the event.

Intracoastal Capital, Llc has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 349,056 shares of Apricus Biosciences, Inc. (NASDAQ:APRI). This represents 1.6 percent ownership of the company. Previously, Intracoastal Capital, Llc had reported owning 281,730 shares, indicating an increase of 23.90 percent. Apricus Biosciences, Inc. has declared a standard industrial code (sic) of 2834 which is the "Pharmaceutical Preparations" industry.

Armistice Capital, Llc has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 0 shares of InspireMD, Inc. (AMEX:NSPR). This represents 0.0 percent ownership of the company. Previously, Armistice Capital, Llc had reported owning 6,500 shares, indicating a decrease of -100.00 percent. InspireMD, Inc. has declared a standard industrial code (sic) of 3841 which is the "Surgical and Medical Instruments and Apparatus" industry.

Investors that acquire 10% or more of a company's shares, or that gain a board seat, are considered insiders by the SEC and are subject to stricter insider trading filing requirements.

New Activist Investor Filings

Investors that acquire more than 5% of the shares of a company and intend to influence management are considered activist investors and must file a 13D.

SharpSpring, Inc. (NASDAQ:SHSP) - Allen Daniel has filed a new SC 13D, reporting a 16.67% ownership stake in SharpSpring.

Civeo Corporation (NYSE:CVEO) - Torgerson Lance has filed a new SC 13D, reporting a 24.80% ownership stake in Civeo.

Asanko Gold Inc. (AMEX:AKG) - Gold Fields Ltd has filed a new SC 13D, reporting a 9.90% ownership stake in Asanko Gold.

Stewart Information Services Corp. (NYSE:STC) - Magnetar Financial LLC has filed a new SC 13D, reporting a 5.57% ownership stake in Stewart Information Services.

Farmer Brothers Co. (NASDAQ:FARM) - Grossman Jeanne Farmer has filed a new SC 13D, reporting a 9.25% ownership stake in Farmer Brothers Co..

First Solar, Inc. (NASDAQ:FSLR) - Ebrahimi Farhad Fred has filed a new SC 13D, reporting a 5.09% ownership stake in First Solar.

Telecom Italia S.p.A. (NYSE:TI) - Elliott Associates, L.P. has filed a new SC 13D, reporting a 6.00% ownership stake in Telecom Italia S.p.A..

Amended Activist Investor Filings

Tilly's, Inc. (NYSE:TLYS) - Shaked Hezy has filed an amended Schedule 13D/A, reporting a 45.50% ownership stake in Tilly's. This is a decrease of 2.78% from their previous filing.

Houlihan Lokey, Inc. (NYSE:HLI) - Hl Voting Trust has filed an amended Schedule 13D/A, reporting a 54.20% ownership stake in Houlihan Lokey. This is a decrease of 2.34% from their previous filing.

Sandridge Energy Inc. (NYSE:SD) - Fir Tree Inc. has filed an amended Schedule 13D/A, reporting a 7.02% ownership stake in Sandridge Energy. This is a decrease of 14.29% from their previous filing.

Frequency Electronics, Inc. (NASDAQ:FEIM) - Edenbrook Capital, LLC has filed an amended Schedule 13D/A, reporting a 16.20% ownership stake in Frequency Electronics. This is an increase of 13.29% from their previous filing.

Hilton Worldwide Holdings Inc. (NYSE:HLT) - HNA Tourism Group Co., Ltd. has filed an amended Schedule 13D/A, reporting a 26.00% ownership stake in Hilton Worldwide Holdings. This is a decrease of 0.38% from their previous filing.

eHi Car Services Ltd. (NYSE:EHIC) - Ctrip Investment Holding Ltd. has filed an amended Schedule 13D/A, reporting a 21.80% ownership stake in eHi Car Services. This is an increase of 28.24% from their previous filing.

Hemisphere Media Group, Inc. (NASDAQ:HMTV) - Azteca Acquisition Holdings, LLC has filed an amended Schedule 13D/A, reporting a 6.70% ownership stake in Hemisphere Media Group. This is a decrease of 41.23% from their previous filing.

New Passive Investor Filings

Investors that acquire more than 5% of the shares of a company but have no intention of influencing management are considered passive investors and must file a 13G.

Sunrun Inc. (NASDAQ:RUN) - Tiger Global Management Llc has filed a new SC 13G, reporting a 7.80% ownership stake in Sunrun.

Oragenics, Inc. (AMEX:OGEN) - Sabby Management, LLC has filed a new SC 13G, reporting a 7.39% ownership stake in Oragenics.

MannKind Corp. (NASDAQ:MNKD) - Sabby Management, LLC has filed a new SC 13G, reporting a 5.57% ownership stake in MannKind.

InspireMD, Inc. (AMEX:NSPR) - Armistice Capital, Llc has filed a new SC 13G, reporting a 0.00% ownership stake in InspireMD. This is a decrease of 100.00% from their previous filing.

Alcobra Ltd. (NASDAQ:ADHD) - Brosh Capital Partners L.p. has filed a new SC 13G, reporting a 5.30% ownership stake in Alcobra. This is an increase of 15.22% from their previous filing.

Volt Information Sciences, Inc. (AMEX:VISI) - Wax Asset Management, LLC has filed a new SC 13G, reporting a 6.99% ownership stake in Volt Information Sciences.

Apricus Biosciences, Inc. (NASDAQ:APRI) - Intracoastal Capital, Llc has filed a new SC 13G, reporting a 1.60% ownership stake in Apricus Biosciences. This is a decrease of 27.27% from their previous filing.

Zosano Pharma Corporation (NASDAQ:ZSAN) - Aisling Capital IV, LP has filed a new SC 13G, reporting a 13.40% ownership stake in Zosano Pharma.

Kennametal Inc. (NYSE:KMT) - Lazard Asset Management Llc has filed a new SC 13G, reporting a 10.12% ownership stake in Kennametal.

Pattern Energy Group Inc. (NASDAQ:PEGI) - Ci Investments Inc. has filed a new SC 13G, reporting a 5.18% ownership stake in Pattern Energy Group. This is an increase of 52.80% from their previous filing.

Invitae Corp. (NYSE:NVTA) - Wellington Management Portfolios (dublin) Public Ltd Co has filed a new SC 13G, reporting a 5.23% ownership stake in Invitae.

Eco-Stim Energy Solutions Inc. (NASDAQ:ESES) - Bienville Global Opportunities Fund, Lp has filed a new SC 13G, reporting a 8.00% ownership stake in Eco-Stim Energy Solutions.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) - Migdal Insurance & Financial Holdings Ltd. has filed a new SC 13G, reporting a 5.00% ownership stake in Nova Measuring Instruments. This is an increase of 0.06% from their previous filing.

Amended Passive Investor Filings

Atara Biotherapeutics, Inc. (NASDAQ:ATRA) - Baupost Group LLC/MA has filed an amended Schedule 13D/A, reporting a 14.51% ownership stake in Atara Biotherapeutics. This is a decrease of 22.49% from their previous filing.

Cascadian Therapeutics, Inc. (NASDAQ:CASC) - Baupost Group LLC/MA has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Cascadian Therapeutics. This is a decrease of 100.00% from their previous filing.

Revance Therapeutics, Inc. (NASDAQ:RVNC) - Essex Woodlands Health Ventures VIII, L.L.C. has filed an amended Schedule 13D/A, reporting a 10.52% ownership stake in Revance Therapeutics. This is a decrease of 35.85% from their previous filing.

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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.