Kayne Anderson reports 4.9% stake in Bank of Hawaii (NYSE: BOH)
Rhea-AI Filing Summary
Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G reporting beneficial ownership of 1,981,725 Bank of Hawaii Corp common shares, representing 4.9% of the outstanding Bank of Hawaii Ord Shs.
The firm has sole voting power over 1,248,932 shares and shared voting power over 373,553 shares. It holds sole dispositive power over 1,608,172 shares and shared dispositive power over 373,553 shares, and states the position is held in the ordinary course of business without intent to influence control.
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FAQ
What does the Kayne Anderson Schedule 13G/A filing disclose for BOH?
The filing shows Kayne Anderson Rudnick Investment Management, LLC beneficially owns 1,981,725 Bank of Hawaii Corp shares, or 4.9% of the common stock. It reports detailed voting and dispositive powers and certifies the investment is held in the ordinary course, not to influence control.
What percentage of Bank of Hawaii’s stock is held by Kayne Anderson?
Kayne Anderson Rudnick Investment Management, LLC reports holding 4.9% of Bank of Hawaii Corp’s outstanding common shares. This percentage is based on 1,981,725 shares of Bank of Hawaii Ord Shs that the firm deems beneficially owned, as disclosed in the Schedule 13G/A ownership section.
Does Kayne Anderson seek to influence control of Bank of Hawaii (BOH)?
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes they are not held in connection with any transaction intended to affect control, except limited nomination activities referenced in the certification.
Why is the Bank of Hawaii ownership reported on Schedule 13G/A?
Schedule 13G/A is used for beneficial owners qualifying for a short-form, passive ownership report. Kayne Anderson certifies it is an investment adviser holding Bank of Hawaii shares in the ordinary course and not to influence control, which is consistent with Schedule 13G eligibility criteria.