{"id":5090,"date":"2023-05-06T15:24:22","date_gmt":"2023-05-06T19:24:22","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/natural-gas-services-masimo-see-activist-investor-action\/"},"modified":"2023-05-06T15:24:23","modified_gmt":"2023-05-06T19:24:23","slug":"natural-gas-services-masimo-see-activist-investor-action","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=5090","title":{"rendered":"Natural Gas Services, Masimo See Activist Investor Action"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"SB52805959006245833717104589602450021265422\">\n<p><em>These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity\u2019s attaining more than 5% in any class of a company\u2019s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from April 27 through May 3, 2023. Source: <strong>VerityData (verityplatform.com)<\/strong><\/em><\/p>\n<h2>Activist Holdings <\/h2>\n<p>\n        Natural Gas Services Group<br \/>\n      (NGS)<\/p>\n<p><strong>Mill Road Capital<\/strong> and the maker of gas-compression equipment enacted a cooperation agreement on April 28. Per the agreement,<br \/>\n        Natural Gas Services<br \/>\n       appointed two Mill Road representatives, including Managing Director Justin Jacobs, to its board on April 28. They and current Natural Gas Services CEO Steven Taylor will also be nominated for re-election at the 2023 annual shareholders meeting. As part of the pact, Mill Road will abide by customary standstill agreements and vote its 912,408 Natural Gas Services shares, 7.3% of the outstanding stock, in support of board nominations. <\/p>\n<div class=\"paywall\">\n<p>\n        Masimo<br \/>\n       (MASI)<\/p>\n<p><strong>Politan Capital<\/strong> disclosed a stake in the monitoring-technology firm of 4,713,518 shares, 9% of the tradable stock. On May 1, Politan notified Masimo that it intends to nominate two directors for election at the upcoming 2023 annual shareholders meeting. Along with the nominations, Politan will also propose to repeal provisions and amendments to corporate bylaws adopted by Masimo\u2019s board without a shareholder vote \u201csubsequent to April 20, 2023\u2026and up to and including the date of the 2023 annual meeting.\u201d In March, Politan, along with the California State Teachers\u2019 Retirement System, or Calstrs, filed a complaint against Masimo in the Delaware Court of Chancery alleging, among other things, that Masimo\u2019s employment contract with CEO Joe Kiani \u201cimproperly stripped\u201d the board of its authority, \u201centrenched\u201d the CEO, and \u201cimpeded stockholders\u2019 exercise of their voting rights.\u201d <\/p>\n<h2>Increases in Holdings<\/h2>\n<p>\n        Tilly\u2019s<br \/>\n       (TLYS)<\/p>\n<p><strong>Fund 1 Investments<\/strong> raised its position in the apparel retailer to 5,554,466 shares. From April 13 through April 28, Fund 1 purchased 390,114 Tilly\u2019s shares at prices ranging from $7.10 to $7.76 each. Following the fresh buys, Fund 1 now owns 24.6% of the retailer\u2019s outstanding stock, up from 22.9%. Fund 1 remains the largest holder of Tilly\u2019s, and is the managing member of New York\u2013based investment management firm <strong>Pleasant Lake Partners.<\/strong> Tilly\u2019s stock has tumbled 16% so far in 2023. The company beat estimates when it reported fiscal fourth-quarter number in early March. Tilly\u2019s reports its first quarter on June 1.<\/p>\n<p>\n        Twin Disc<br \/>\n       (TWIN)<\/p>\n<p><strong><br \/>\n        Gamco Investors<br \/>\n       (GBL)<\/strong> raised its holding in the maker of power-transmission equipment to 2,089,056 shares. Through a combination of buys and sales from March 17 through April 28, Gamco added a net 56,467 Twin Disc shares at prices ranging from $9.10 to $11.51 apiece. Gamco now has a 15.1% interest in Twin Disc. Gamco remains the company\u2019s second-largest shareholder, behind CEO John Batten, who had an overall ownership of 2.7 million shares as of Twin Disc\u2019s latest proxy from September. The shares are having a boffo 2023. Twin Disc stock has gained more than 20% so far this year. <\/p>\n<p><strong>Email: <\/strong>editors@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/natural-gas-services-masimo-tillys-twin-disc-activist-investing-9dab9528?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity\u2019s attaining more than 5% in any class of a company\u2019s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from April 27 through May 3, 2023. Source: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-5090","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Natural Gas Services, Masimo See Activist Investor Action | iFintechWorld<\/title>\n<meta name=\"description\" content=\"These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity\u2019s attaining more than 5% in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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