J. Carlo Cannell‘s Cannel Capital recently filed a Form 13D on Rightside Group Ltd. (NASDAQ:NAME) with the SEC to amend the percentage of shares held and transactions brought about as reported in the last 13D filing, filed on September 16. In the previous 13D filing, the fund reported owning a stake in the company, which consisted of 1.63 million common shares and amassed 8.45% of the outstanding stock. The new filing reports a stake of almost 1.65 million shares, which represent 8.52% of the float.
Rightside Group is a company that provides professional domain name services, enabling enterprises to set up their digital addresses. For the second quarter of 2016, the company disclosed a loss per share of $0.13, beating the estimates of a loss per share of $0.22, and revenue of $54 million, missing the estimates of $55.5 million. Shares of Rightside Group have increased by 11.19% over the last 12 months.
The number of hedge funds from our database long Rightside Group (NASDAQ:NAME) decreased by two recently, and at the end of June, six smart money managers reported long positions in the company. Some of the bullish investors included Jim Simons’ Renaissance Technologies, which held a position worth $4.5 million, William Charters And Mario Marcon’s Sabal Capital Management with a position valued at $3.33 million, and Ken Griffin’s Citadel Investment Group. Investors who dumped Rightside Group (NASDAQ:NAME) during the quarter contained Israel Englander’s Millennium Management, which said goodbye to its position valued at the end of March at $267,000, and Michael Platt And William Reeves’ BlueCrest Capital Mgmt., which sold its position worth around $87,000.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| J. Carlo Cannell | 1,644,768 | 0 | 1,644,768 | 0 | 1,644,768 | 8.52% |
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Page 1 of 8 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )
Rightside Group, Ltd.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
76658B100
(CUSIP Number)
J. Carlo Cannell
Cannell Capital LLC
245 Meriwether Circle
Alta, WY
83414
(307) 733-2284
(Name, Address and Telephone Number of Person
to Receive Notices and Communications)
September 12, 2016
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is
the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f)
or 240.13d-1(g), check the following box. ☑
Note.
Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See §240.13d-7
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 8 Pages)
______________________
* The remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a current
valid OMB control number.
