Nomura filing may point to activist involvement at Match, says Gordon Haskett

Gordon Haskett’s head of event-driven research, Don Bilson, notes that Match shares have “spent the past few months bouncing around in the mid-$40s” after bottoming out in mid-May and points out the the stock is “now riding an eight-day losing streak that has the share price back at $42.50.” A positive note from JP Morgan yesterday “skipped right on past the elephant that is sitting quietly in the corner,” namely Nomura Securities and the 6.6M shares that showed up in the 13-F it filed last month, the analyst tells investors. Nomura is one of the prime brokers that put activists into swaps and whether this investor is “still involved or has any plans to shed their anonymity now that the stock is in the $40s is a question that only Nomura’s buyer can answer,” according to the firm. With the stock slumping again, “the odds of a disclosure have ticked higher as we approach that time of the year when new campaigns are announced,” the firm added.