180 Degree Capital Amends Comscore Stake, Signals Strategy Shift

Ticker: SCOR · Form: SC 13D/A · Filed: 2024-02-01T00:00:00.000Z

Sentiment: mixed

Topics: activist-investing, insider-ownership, amendment, corporate-governance

TL;DR

**Activist investor 180 Degree Capital just updated its Comscore stake, watch for potential moves!**

AI Summary

180 Degree Capital Corp. /NY/ filed an Amendment No. 8 to its Schedule 13D on February 1, 2024, regarding its ownership in Comscore, Inc. This filing indicates a change in their beneficial ownership or investment intent, as 180 Degree Capital Corp. is an activist investor. This matters to shareholders because changes in activist investor positions can signal shifts in their strategy, potentially impacting Comscore's stock performance or future corporate actions.

Why It Matters

This filing signals a potential change in the activist investor's strategy regarding Comscore, which could influence the company's direction or stock valuation.

Risk Assessment

Risk Level: medium — Changes in activist investor filings can introduce uncertainty or signal future corporate actions, leading to potential stock volatility.

Analyst Insight

Investors should monitor future filings from 180 Degree Capital Corp. and Comscore, Inc. for further details on ownership changes or strategic initiatives, as activist involvement can lead to significant corporate changes or stock price movements.

Key Numbers

Amendment No. 8 — Amendment Number (Indicates this is the eighth amendment to the original Schedule 13D filing by 180 Degree Capital Corp. regarding Comscore, Inc.)
20240201 — Date of Event (The date of the event that triggered this filing, February 1, 2024.)
20564W204 — CUSIP Number (The CUSIP number for Comscore, Inc.'s Common Stock, identifying the security.)

Key Players & Entities

180 Degree Capital Corp. /NY/ (company) — the filing person and an activist investor
Comscore, Inc. (company) — the subject company whose securities are being reported
Daniel B. Wolfe (person) — person authorized to receive notices for 180 Degree Capital Corp.
Kevin M. Rendino (person) — group member of the filing entity
Matthew F. McLaughlin (person) — group member of the filing entity
$0.001 (dollar_amount) — par value per share of Comscore Common Stock

Forward-Looking Statements

180 Degree Capital Corp. will continue to actively engage with Comscore's management or board. (180 Degree Capital Corp. /NY/) — medium confidence, target: 2024-12-31
Comscore's stock price may experience increased volatility due to ongoing activist investor involvement. (Comscore, Inc.) — medium confidence, target: 2024-06-30

FAQ

What is the purpose of an SC 13D/A filing?

An SC 13D/A is an amendment to a Schedule 13D, which is filed by an individual or group that acquires beneficial ownership of more than 5% of a company's voting stock and intends to influence or control the company. The '/A' signifies an amendment to a previously filed statement, indicating a change in ownership or investment intent, as seen with 180 Degree Capital Corp. /NY/ and Comscore, Inc.

Who filed this specific SC 13D/A?

This SC 13D/A (Amendment No. 8) was filed by 180 Degree Capital Corp. /NY/, with Daniel B. Wolfe listed as the person authorized to receive notices and communications. The filing also lists Kevin M. Rendino and Matthew F. McLaughlin as group members.

What company is the subject of this filing?

The subject company of this filing is Comscore, Inc., whose Common Stock, par value $0.001 per share, is the security in question. Comscore, Inc.'s Central Index Key (CIK) is 0001158172.

When was the event that triggered this filing?

The date of the event which required the filing of this statement was February 1, 2024, as explicitly stated in the filing.

What is the CUSIP number for Comscore, Inc.'s securities mentioned in the filing?

The CUSIP number for Comscore, Inc.'s Common Stock, par value $0.001 per share, is 20564W204, as stated in the filing.

From the Filing

0000893739-24-000014.txt : 20240201 0000893739-24-000014.hdr.sgml : 20240201 20240201092419 ACCESSION NUMBER: 0000893739-24-000014 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 GROUP MEMBERS: KEVIN M. RENDINO GROUP MEMBERS: MATTHEW F. MCLAUGHLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COMSCORE, INC. CENTRAL INDEX KEY: 0001158172 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 541955550 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83687 FILM NUMBER: 24585237 BUSINESS ADDRESS: STREET 1: 11950 DEMOCRACY DRIVE STREET 2: SUITE 600 CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-438-2000 MAIL ADDRESS: STREET 1: 11950 DEMOCRACY DRIVE STREET 2: SUITE 600 CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: COMSCORE NETWORKS INC DATE OF NAME CHANGE: 20010827 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: 180 DEGREE CAPITAL CORP. /NY/ CENTRAL INDEX KEY: 0000893739 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] ORGANIZATION NAME: IRS NUMBER: 133119827 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 7 N. WILLOW STREET STREET 2: SUITE 4B CITY: MONTCLAIR STATE: NJ ZIP: 07042 BUSINESS PHONE: 973-746-4500 MAIL ADDRESS: STREET 1: 7 N. WILLOW STREET STREET 2: SUITE 4B CITY: MONTCLAIR STATE: NJ ZIP: 07042 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS & HARRIS GROUP INC /NY/ DATE OF NAME CHANGE: 19930714 SC 13D/A 1 scor-13daxfeb12024pressrel.htm SC 13D/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 8) 1 Comscore, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 20564W204 (CUSIP Number) DANIEL B. WOLFE 180 DEGREE CAPITAL CORP. 7 N. Willow Street, Suite 4B Montclair, NJ 07042 Telephone: 973-746-4500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 1, 2024 (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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties to whom copies are to be sent. 1 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). CUSIP No. 20564W204 1 NAME OF REPORTING PERSONS: 180 Degree Capital Corp. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC, OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York   NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 340,366 shares* 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 340,366 shares* 11 AGGREGATE AMOUNT BENEF