Royce & Associates (CMTL) reports 162,953-share Comtech stake with sole voting power
Rhea-AI Filing Summary
Royce & Associates reports beneficial ownership of Comtech Telecommunications Corp. common stock. The firm holds 162,953 shares, representing 0.54% of the outstanding common stock. It has sole voting power and sole dispositive power over all of these shares, with no shared power reported.
The ownership is held on behalf of one or more investment management clients of Royce & Associates, LP, an indirect majority-owned subsidiary of Franklin Resources, Inc. Royce & Associates states that the securities are held in the ordinary course of business, disclaims any pecuniary interest, and indicates the position represents 5% or less of the class.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 162,953 shares
Percent of class: 0.54%
Sole voting power: 162,953 shares
+2 more
5 metrics
Beneficially owned shares
162,953 shares
Common stock beneficially owned by Royce & Associates
Percent of class
0.54%
Portion of Comtech common stock class held by Royce & Associates
Sole voting power
162,953 shares
Shares over which Royce & Associates has sole power to vote
Shared voting power
0 shares
Shares over which Royce & Associates has shared voting power
Sole dispositive power
162,953 shares
Shares over which Royce & Associates has sole power to dispose
Key Terms
beneficial owner, sole voting power, dispositive power, informational barriers, +1 more
5 terms
beneficial owner regulatory
"may be deemed to be the beneficial owner of the securities reported"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting power regulatory
"Sole Voting Power 162,953.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power regulatory
"Sole Dispositive Power 162,953.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
informational barriers regulatory
"internal policies and procedures ... establish informational barriers"
group regulatory
"believes that it is not a "group" with FRI affiliates"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Comtech (CMTL) does Royce & Associates hold?
Royce & Associates reports holding 0.54% of Comtech Telecommunications Corp.’s common stock. This position is categorized as ownership of 5% or less of the class and is held in the ordinary course of its investment management business.
Is Royce & Associates part of a group holding Comtech (CMTL) stock?
Royce & Associates states it believes it is not a "group" with Franklin Resources, Inc. affiliates or principal shareholders under Rule 13d-5. Each related entity reports its holdings separately, reflecting independently exercised voting and investment powers.
Who ultimately benefits from Royce & Associates’ CMTL holdings?
The CMTL shares are beneficially owned by investment management clients of Royce & Associates, LP. The firm disclaims any pecuniary interest and explains that the securities are held for these clients under investment management agreements.