Capital Research Reports 6.0% Stake in Addus HomeCare (ADUS)
Rhea-AI Filing Summary
Addus HomeCare Corp. Schedule 13G reports that Capital Research Global Investors (CRGI) beneficially owns 1,102,298 shares of common stock, equal to 6.0% of the 18,399,139 shares reported outstanding. CRGI is described as a division of Capital Research and Management Company and related investment management entities and is deemed the beneficial owner through those entities. The filing states CRGI has sole voting power and sole dispositive power over all 1,102,298 shares and no shared powers. The filing certifies the securities are held in the ordinary course of business and not to influence control. SMALLCAP World Fund, Inc. is identified as an account referenced in the filing.
Positive
- Institutional ownership disclosed: 1,102,298 shares, representing 6.0% of the class
- Sole voting and dispositive power reported for all 1,102,298 shares
- Certification of passive intent: holdings reported as held in the ordinary course and not to influence control
Negative
- None.
Insights
TL;DR: A 6.0% institutional stake by Capital Research signals meaningful ownership but the filer states a passive intent.
Capital Research Global Investors reports beneficial ownership of 1,102,298 shares, representing 6.0% of 18,399,139 shares outstanding. The filing documents sole voting and dispositive power for the full position and includes a certification that the holdings are held in the ordinary course of business and not to change or influence control. For investors, this confirms sizable institutional interest while the filer formally maintains a passive posture.
TL;DR: Filing under Schedule 13G and the certification indicate passive institutional ownership without an intent to exert control.
The disclosure identifies CRGI as the beneficial owner through its investment management entities and notes sole control over voting and disposition of 1,102,298 shares. The explicit certification that the securities are not held to influence control is material to governance assessment: it classifies the position as passive under the reporting regime. SMALLCAP World Fund, Inc. is named as an account referenced in the filing, indicating agency relationships within the reported holdings.