Camtek (CAMT) 13G/A: Wasatch Advises Holds 3.53M Ordinary Shares
Rhea-AI Filing Summary
Wasatch Advisors LP reports beneficial ownership of 3,529,165 ordinary shares of Camtek Ltd, representing 7.7% of the class. The filing shows Wasatch has sole dispositive power over 3,506,727 shares and reports no shared voting or dispositive power. The document contains two different figures for sole voting power in separate sections (2,458,296 and 2,485,296), which are presented as reported and are not reconciled within the filing.
The filing is submitted as a Schedule 13G/A by an investment adviser (Type IA) and includes a certification that the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Material institutional stake disclosed: Wasatch reports ownership of 3,529,165 shares, equal to 7.7% of the class.
- Sole dispositive control over majority of position: filing shows 3,506,727 shares under sole dispositive power.
- Passive classification declared: the filing certifies holdings were acquired and are held in the ordinary course and not to influence control.
Negative
- Inconsistent voting-power figures: the filing lists two different sole voting-power numbers (2,458,296 and 2,485,296) and does not reconcile them.
- Limited explanatory detail: the filing provides ownership amounts and certification but no discussion of intent, strategy, or future plans beyond the ordinary-course statement.
Insights
TL;DR: Wasatch holds a material 7.7% stake in Camtek with significant dispositive control; voting-power figures conflict in the filing.
Wasatch Advisors LP reports beneficial ownership of 3,529,165 shares, which meets the SEC materiality threshold for disclosure as it exceeds 5% of the class. The filing indicates sole dispositive power over 3,506,727 shares and no shared power, which gives Wasatch the ability to direct sales and transfers of most of its position. Investors should note the filing also lists two different sole voting-power figures (2,458,296 and 2,485,296), a data inconsistency the filer did not reconcile in this statement. The filing further certifies holdings are in the ordinary course and not intended to influence control.
TL;DR: Disclosure shows meaningful passive stake by an institutional adviser; certification denies intent to influence control.
As an institutional investor filing under Schedule 13G/A, Wasatch Advisors reports a 7.7% beneficial stake, a level that is material for governance monitoring and can attract attention from other shareholders. The filing’s certification explicitly states the position was not acquired to change or influence control, which classifies this as passive under SEC rules. The inconsistency in reported sole voting-power figures within the same filing is a governance-quality issue, suggesting either a clerical error or an unamended data field; the filing does not clarify which figure is correct.