Wasatch Advisors Discloses 929,154-Share (5.1%) Holding in ADUS
Rhea-AI Filing Summary
Wasatch Advisors LP reports beneficial ownership of 929,154 shares of Addus HomeCare common stock, representing 5.1% of the class. That level of ownership triggers Schedule 13G/A disclosure and identifies Wasatch as a material institutional holder of Addus HomeCare.
The filing states Wasatch has sole dispositive power over all 929,154 shares and sole voting power over 690,487 shares, with no shared voting or dispositive power. The document classifies Wasatch as an investment adviser organized in Delaware and includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.
Positive
- Material ownership disclosed: Wasatch holds 929,154 shares, representing 5.1% of Addus HomeCare common stock.
- Sole dispositive control: Wasatch reports sole dispositive power over all 929,154 shares and sole voting power over 690,487 shares.
Negative
- None.
Insights
Wasatch discloses a material 5.1% stake; filing shows passive holding with sole dispositive control over all disclosed shares.
The report confirms Wasatch Advisors LP holds 929,154 shares (5.1%) of Addus HomeCare common stock and retains sole dispositive power over those shares, meaning it controls the decision to buy or sell them. Sole voting power is reported for 690,487 shares and there is no shared voting or dispositive power. The filing's certification declares the position is held in the ordinary course of business and not for the purpose of changing issuer control. For investors, this is a meaningful institutional ownership disclosure but contains no stated activist intent.
Significant institutional ownership disclosed without expressed intent to influence control; governance impact appears limited based on the filing.
Wasatch is identified as an investment adviser organized in Delaware and reports sole dispositive authority over 929,154 shares and sole voting authority over 690,487 shares, with zero shared powers. The filing explicitly certifies the holdings were not acquired to change or influence control. From a governance perspective, the disclosure notifies stakeholders of concentrated institutional ownership but does not signal an imminent proxy or control campaign based on the statements provided.