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ArQule, Inc. (ARQL) And Fibrocell Science Inc. (FCSC) Activist Update

|Includes: ArQule, Inc. (ARQL), FCSC

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.

Biotechnology Value Fund L P has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 12,076,844 shares of ArQule, Inc. (NASDAQ:ARQL). This represents 12.3 percent ownership of the company. Previously, Biotechnology Value Fund L P had reported owning 17,553,089 shares, indicating a decrease of -31.20 percent. ArQule, Inc. has declared a standard industrial code (sic) of 2834 which is the "Pharmaceutical Preparations" industry.

Frigate Ventures LP has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 679,408 shares of Fibrocell Science Inc. (NASDAQ:FCSC). This represents 8.8 percent ownership of the company. Fibrocell Science Inc. has declared a standard industrial code (sic) of 2834 which is the "Pharmaceutical Preparations" 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.

Manitex International, Inc. (NASDAQ:MNTX) - Tadano Ltd. has filed a new SC 13D, reporting a 14.90% ownership stake in Manitex International.

Amended Activist Investor Filings

CDK Global, Inc. (NASDAQ:CDK) - Elliott Associates, L.P. has filed an amended Schedule 13D/A, reporting a 4.00% ownership stake in CDK Global. This is a decrease of 13.04% from their previous filing.

Pentair plc. (NYSE:PNR) - Trian Fund Management, L.p. has filed an amended Schedule 13D/A, reporting a 7.85% ownership stake in Pentair plc.. This is a decrease of 10.69% from their previous filing.

Entergy Transfer Equity LP (NYSE:ETE) - Energy Transfer Equity, L.P. has filed an amended Schedule 13D/A, reporting a 20.22% ownership stake in Entergy Transfer Equity.

Global Self Storage, Inc. (NASDAQ:SELF) - Winmill Mark Campbell has filed an amended Schedule 13D/A, reporting a 6.20% ownership stake in Global Self Storage. This is an increase of 16.98% from their previous filing.

CONMED Corp. (NASDAQ:CNMD) - Scopia Capital Management Lp has filed an amended Schedule 13D/A, reporting a 6.60% ownership stake in CONMED. This is a decrease of 15.38% from their previous filing.

SPAR Group, Inc. (NASDAQ:SGRP) - Brown Robert G/ has filed an amended Schedule 13D/A, reporting a 59.10% ownership stake in SPAR Group.

SPAR Group, Inc. (NASDAQ:SGRP) - Bartels Williams H has filed an amended Schedule 13D/A, reporting a 59.10% ownership stake in SPAR Group.

HomeStreet, Inc. (NASDAQ:HMST) - Roaring Blue Lion Capital Management, L.P. has filed an amended Schedule 13D/A, reporting a 6.20% ownership stake in HomeStreet. This is an increase of 3.33% from their previous filing.

II-VI Inc. (NASDAQ:IIVI) - Johnson Carl J has filed an amended Schedule 13D/A, reporting a 5.35% ownership stake in II-VI. This is a decrease of 16.54% from their previous filing.

USANA Health Sciences, Inc. (NYSE:USNA) - Wentz Myron W has filed an amended Schedule 13D/A, reporting a 43.80% ownership stake in USANA Health Sciences. This is a decrease of 4.37% 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.

Charter Financial Corp. (NASDAQ:CHFN) - Brown Trout Management, LLC has filed a new SC 13G, reporting a 5.14% ownership stake in Charter Financial.

Morgan Stanley Emerging Markets Fund, Inc. (NYSE:MSF) - City Of London Investment Group Plc has filed a new SC 13G, reporting a 24.90% ownership stake in Morgan Stanley Emerging Markets Fund. This is a decrease of 4.60% from their previous filing.

Fibrocell Science Inc. (NASDAQ:FCSC) - Frigate Ventures LP has filed a new SC 13G, reporting a 8.80% ownership stake in Fibrocell Science.

Stellar Acquisition III Inc. (NASDAQ:STLRU) - Hudson Bay Capital Management LP has filed a new SC 13G, reporting a 11.05% ownership stake in Stellar Acquisition III. This is an increase of 59.22% from their previous filing.

Landcadia Holdings, Inc. (NASDAQ:LCA) - Advent International Corp/ma has filed a new SC 13G, reporting a 8.00% ownership stake in Landcadia Holdings.

Jensyn Acquistion Corp. (NASDAQ:JSYNU) - Hudson Bay Capital Management LP has filed a new SC 13G, reporting a 11.66% ownership stake in Jensyn Acquistion.

Mitel Networks Corp (NASDAQ:MITL) - Sand Grove Capital Management LLP has filed a new SC 13G, reporting a 5.50% ownership stake in Mitel Networks.

Crown Holdings, Inc. (NYSE:CCK) - Ci Investments Inc. has filed a new SC 13G, reporting a 5.14% ownership stake in Crown Holdings.

Amended Passive Investor Filings

Credit Suisse Asset Management Income Fund, Inc. (AMEX:CIK) - Saba Capital Management, L.P. has filed an amended Schedule 13D/A, reporting a 4.50% ownership stake in Credit Suisse Asset Management Income Fund. This is a decrease of 24.37% from their previous filing.

ArQule, Inc. (NASDAQ:ARQL) - Biotechnology Value Fund L P has filed an amended Schedule 13D/A, reporting a 12.30% ownership stake in ArQule. This is a decrease of 38.19% from their previous filing.

GTT Communications, Inc. (NYSE:GTT) - Spruce House Investment Management Llc has filed an amended Schedule 13D/A, reporting a 14.40% ownership stake in GTT Communications. This is an increase of 56.52% from their previous filing.

PBF Energy, Inc. (NYSE:PBF) - Helu Carlos Slim has filed an amended Schedule 13D/A, reporting a 4.80% ownership stake in PBF Energy. This is a decrease of 11.11% 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.