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Premier Farnell Under More Activist Pressure

An activist investor has increased its stake in Premier Farnell. GO Investment Partners now owns 4.1% of the company, up from 3.2%. 

It took a stake last month. This comes as Premier took a hit last week on lowered guidance. Earnings fell for 1Q and are expected to trend downward due to margin pressure. 

GO is generally a constructive European focused activist, with a focus on small-caps. 

It remains to be seen what GO pushes for at the UK electric systems parts maker, but there is speculation it could push for a merger with peer Electrocompetent.