market folly

Mick McGuire's hedge fund firm Marcato Capital Management just filed an amended 13D with the SEC regarding its position in DineEquity (DIN).  Per the filing, Marcato has revealed a 0.3% ownership stake in DIN with 66,916 shares.

This marks a decrease of 38% in their common stock position size as they've sold over 40,000 shares since the end of the first quarter.  As of June 22nd, Marcato ceased to be the beneficial owner of more than 5% of shares, which triggered the filing.  The hedge fund also had numerous stock option transactions which you can view here.

Mick McGuire is an activist investor and will be presenting his latest investment ideas at the upcoming Value Investing Congress.  Our readers can receive a discount to the event by clicking here and using discount code: N13MF2  

But hurry because this offer expires in two days!

Per Google Finance, DineEquity "owns, operates and franchises two restaurant concepts in the casual dining and family dining categories of the restaurant industry: Applebee's Neighborhood Grill and Bar and International House of Pancakes (IHOP). The Company operates in four segments: franchise operations, company restaurant operations, rental operations and financing operations."