Hood River Capital reports 5.85% Transcat (TRNS) stake in Schedule 13G/A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Hood River Capital Management LLC filed an amended Schedule 13G reporting beneficial ownership of 545,816 shares of Transcat, Inc. common stock, representing 5.85% of the class as of the event date. Hood River reports no voting power over these shares but holds sole power to dispose of them.
The firm certifies that the shares were acquired and are held in the ordinary course of business, and not for the purpose or effect of changing or influencing control of Transcat. The filing is signed by Robert Schmaltz, CCO and COO of Hood River Capital Management LLC.
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FAQ
What does Hood River Capital’s Schedule 13G/A mean for Transcat (TRNS)?
Hood River Capital’s Schedule 13G/A shows it beneficially owns 545,816 Transcat shares, or 5.85% of the common stock. The filing is passive, stating the position is held in the ordinary course of business and not to influence control of Transcat.
Does Hood River Capital have voting power over its Transcat (TRNS) stake?
Hood River Capital reports zero sole or shared voting power over its Transcat shares. However, it discloses sole dispositive power over 545,816 shares, meaning it can decide when to sell or otherwise dispose of them, without associated voting authority.
Is Hood River Capital’s Transcat (TRNS) stake considered passive or activist?
Hood River Capital characterizes its Transcat holdings as passive in this Schedule 13G/A. It certifies the securities were acquired and are held in the ordinary course of business, not for changing or influencing control or participating in transactions with that purpose.
What percentage of Transcat (TRNS) does Hood River Capital’s filing represent?
The filing states Hood River Capital’s beneficial ownership equals 5.85% of Transcat’s common stock. This crosses the 5% reporting threshold, requiring the Schedule 13G/A to disclose the size of the position and the nature of its voting and dispositive powers.
Who signed the Hood River Capital Schedule 13G/A for Transcat (TRNS)?
The Schedule 13G/A is signed by Robert Schmaltz, identified as CCO and COO of Hood River Capital Management LLC. His signature certifies, after reasonable inquiry, that the information in the ownership report regarding Transcat common stock is true, complete and correct.