The New Loeb Holding Corp Holding in Intersections Inc
Loeb Holding Corp filed with the SEC SC 13D/A form for Intersections Inc. The form can be accessed here: 000089968116001833. As reported in Loeb Holding Corp’s form, the filler as of late owns 41.1% or 9,735,390 shares of the Industrials–company.
Intersections Inc stake is a new one for the and it was filed because of activity on October 27, 2016. We feel this shows Loeb Holding Corp’s positive view for the stock.
Reasons Why Loeb Holding Corp Bought – Intersections Inc Stock
Item4. Purpose of Transaction
Item 4 is amended and restated in its entirety as follows:
All of the securities reported herein were acquired for investment purposes and/or as compensation for, and in connection with, Mr. Kempner’s position with the Issuer.
LHC is the founding principal investor for the Issuer and its predecessors. Mr. Kempner has served on the Board of Directors of the Issuer since its inception, and serves on the Executive Committee of the Issuer. Mr. Bruce L. Lev is a Managing Director of LHC and also serves on the Board of Directors of the Issuer. As such, the Reporting Persons take, and will continue to take, an active role in communication with the Issuer’s management and Board of Directors about a broad range of operational and strategic matters. The Reporting Persons may take positions and/or make proposals with respect to, or with respect to potential changes in, the operations, management, the certificate of incorporation and bylaws, Board of Directors composition, ownership, capital or corporate structure, dividend policy, potential acquisitions or sales involving the Issuer or certain of the Issuer’s businesses or assets, strategy and plans of the Issuer as a means of enhancing stockholder value, or may change their intention with respect to any and all matters referred to in this Item 4, and, as part of their ongoing communications, the Reporting Persons encourage the Issuer to consider a wide variety of alternatives, which may include a transaction in which the Reporting Persons may participate. The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time in the future express their views to and/or meet with management, the Board of Directors, other stockholders or third parties, including lenders, potential acquirers, service providers and financing sources, and/or formulate plans or proposals regarding the Issuer, its assets or its securities. Such proposals or positions may include one or more plans that relate to or would result in any of the actions set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D. Additionally, the Reporting Persons, in their capacity as stockholders of the Issuer, review and intend to continue to review, on an ongoing basis, their investment in the Issuer. Depending on the factors discussed below and subject to applicable law and the policies of the Issuer, the Reporting Persons may from time to time acquire additional securities of the Issuer or otherwise dispose of some or all of their securities of the Issuer. Any transactions that the Reporting Persons may pursue may be made at any time and from time to time without prior notice and will depend upon a variety of factors, including, without limitation, current and anticipated future trading prices of the securities of the Issuer, the financial condition, results of operations and prospects of the Issuer, general economic, financial market and industry conditions, other investment and business opportunities available to the Reporting Person, tax and estate planning considerations and other factors.
The descriptions in Item 6 of the LHC Subscription Agreement and of the Offering are incorporated herein by reference.
On October 27, 2016, the Reporting Persons delivered a letter to the Special Committee of the Board of Directors pursuant to which the Reporting Persons proposed a possible business transaction with Loeb Holding Corporation and the Issuer relating to the Issuer’s Pet Health Monitoring Business. The foregoing description of the October 27, 2016 letter is qualified in its entirety by reference to the full text of the letter, a copy of which is attached as Exhibit 99.1 hereto and is incorporated by reference herein.
Other than as described above in this Item 4, the Reporting Persons have no present plan or proposal relating to or that would result in any of the transactions or changes listed in Items 4(a) through 4(j) of Schedule 13D. However, as part of the ongoing evaluation of this investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law and the policies of the Issuer, may formulate a plan with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to management or the Board of Directors of the Issuer (including the independent or disinterested members of the Board of Directors), other stockholders of the Issuer or other third parties regarding such matters.
CUSIP No. 460981301
Page 5 of 7
Item5. Interest in Securities of the Issuer.
Intersections Inc Institutional Sentiment
Latest Security and Exchange filings show 29 investors own Intersections Inc. The institutional ownership in Q3 2015 is low, at 34.02% of the outstanding shares. This is increased by 139950 the total institutional shares. 8056655 were the shares owned by these institutional investors. In total 3 funds opened new Intersections Inc stakes, 8 increased stakes. There were 4 that closed positions and 7 reduced them.
Harvest Capital Strategies Llc is an institutional investor bullish on Intersections Inc, owning 28187 shares as of Q3 2015 for 0.01% of its portfolio. Ims Capital Management owns 15147 shares or 0.04% of its portfolio. NY Potomac Capital Management Inc have 2.29% of their stock portfolio for 891352 shares. Further, Pinnacle Advisory Group Inc reported stake worth 0.01% of its US stock portfolio. The CA Osmium Partners Llc owns 3252280 shares. Intersections Inc is 7.79% of the manager’s US portfolio.
Intersections Inc. uses data to help consumers reduce risk through subscription services. The Company operates through four segments: Personal Information Services, Insurance and Other Consumer Services, Pet Health Monitoring, and Bail Bonds Industry Solutions. Its Personal Information Services business segment focuses on helping consumers understand, monitor, manage and protect against the risks associated with third parties misusing their personal information and violating their privacy. Its Insurance and Other Consumer Services business segment focuses on helping consumers use insurance and other services to manage various personal risks and achieve personal goals. Its Pet Health Monitoring business segment focuses on VOYCE technology and data-gathering solutions to promote animal wellness in the pet and animal segments. Its Bail Bonds Industry Solutions business segment focuses on automating the bail bonds industry.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 0.7 in Q2 2016. Its up 0.06, from 0.64 in 2016Q1. The ratio improved, as 2 funds sold all Intersections Inc. shares owned while 8 reduced positions. 2 funds bought stakes while 5 increased positions. They now own 6.81 million shares or 0.20% more from 6.79 million shares in 2016Q1.
Blackrock Fund Advisors holds 14,231 shares or 0% of its portfolio. Northern Trust Corporation reported 24,339 shares or 0% of all its holdings. Loeb Prns Corporation last reported 49,145 shares in the company. Manufacturers Life Insurance Commerce The holds 0% of its portfolio in Intersections Inc. (NASDAQ:INTX) for 924 shares. Blackrock Inv Mngmt Ltd Liability has 1,265 shares for 0% of their US portfolio. Geode Cap Mngmt last reported 0% of its portfolio in the stock. California Public Employees Retirement Systems reported 18,300 shares or 0% of all its holdings. Morgan Stanley holds 0% or 5,489 shares in its portfolio. Citadel Advsr Lc accumulated 26,580 shares or 0% of the stock. Moreover, Citigroup has 0% invested in Intersections Inc. (NASDAQ:INTX) for 1,900 shares. Blackrock Institutional Tru Company Na last reported 281,214 shares in the company. Ims Mgmt accumulated 0.04% or 15,147 shares. Savings Bank Of New York Mellon Corp holds 0% of its portfolio in Intersections Inc. (NASDAQ:INTX) for 20,431 shares. Osmium Partners holds 3.31M shares or 9.54% of its portfolio. Peak6 Investments Limited Partnership owns 706,952 shares or 0.01% of their US portfolio.
Insider Transactions: Since August 12, 2016, the stock had 1 buying transaction, and 0 selling transactions for $82,554 net activity. 44,483 shares were bought by MCGOUGH DAVID A, worth $82,554.
Analysts await Intersections Inc. (NASDAQ:INTX) to report earnings on November, 21.
About 1,334 shares traded hands. Intersections Inc. (NASDAQ:INTX) has declined 30.00% since March 28, 2016 and is downtrending. It has underperformed by 34.71% the S&P500.
Intersections Inc. uses data to help clients reduce risk through subscription services. The company has a market cap of $43.13 million. The Firm operates through four divisions: Personal Information Services, Insurance and Other Consumer Services, Pet Health Monitoring, and Bail Bonds Industry Solutions. It currently has negative earnings. The Company’s Personal Information Services business segment focuses on helping clients understand, monitor, manage and protect against the risks associated with third parties misusing their personal information and violating their privacy.
More notable recent Intersections Inc. (NASDAQ:INTX) news were published by: Prnewswire.com which released: “Identity Guard® by Intersections Inc. Launches Privacy Nowâ„¢, The First IBM …” on October 24, 2016, also Prnewswire.com with their article: “Intersections Inc. (INTX) announces launch of Voyceâ„¢” published on December 16, 2014, Prnewswire.com published: “Intersections Inc. Adds John H. Lewis to Its Board” on October 15, 2015. More interesting news about Intersections Inc. (NASDAQ:INTX) were released by: Reuters.com and their article: “BRIEF-Intersections Inc – Co, Digital Matrix Systems entered data services…” published on September 30, 2016 as well as Businesswire.com‘s news article titled: “Intersections Inc. Reports Fourth Quarter 2015 Results” with publication date: March 22, 2016.
According to Zacks Investment Research, “INTERSECTIONS INC. is a leading global provider of consumer and corporate identity risk management services. Its premier identity theft, privacy, and consumer solutions are designed to provide high value, revenue generating opportunities to its marketing partners, including leading financial institutions, Fortune 100 corporations and other businesses. Intersections also markets full identity theft protection solutions under its brand, Identity Guard. Intersections’ consumer identity theft protection services actively safeguard more than eight million consumers against identity theft.”
INTX Company Profile
Intersections Inc., incorporated on August 10, 1999, uses data to help clients reduce risk through subscription services. The Firm operates through four divisions: Personal Information Services, Insurance and Other Consumer Services, Pet Health Monitoring, and Bail Bonds Industry Solutions. The Company’s Personal Information Services business segment focuses on helping clients understand, monitor, manage and protect against the risks associated with third parties misusing their personal information and violating their privacy. The Company’s Insurance and Other Consumer Services business segment focuses on helping clients use insurance and other services to manage various personal risks and achieve personal goals. The Company’s Pet Health Monitoring business segment focuses on VOYCE technology and data-gathering solutions to promote animal wellness in the pet and animal divisions. The Company’s Bail Bonds Industry Solutions business segment focuses on automating the bail bonds industry. The Company’s VOYCE PRO offers a program to remotely monitor dog patients and provide veterinarians with objective data to help identify and manage health conditions and work collaboratively with pet owners to find proactive solutions.
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