Wasatch Advisors discloses 7.8% CTS Corp (CTS) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Wasatch Advisors filed an amended Schedule 13G reporting its beneficial ownership in CTS Corp. It reports holding 2,262,448 shares, representing 7.8% of the company’s common stock. Wasatch has sole voting power over 1,538,275 shares and sole dispositive power over all 2,262,448 shares.
The firm states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of CTS Corp.
Positive
- None.
Negative
- None.
FAQ
Is Wasatch Advisors seeking to influence control of CTS Corp with this stake?
Wasatch Advisors states the CTS Corp securities were acquired and are held in the ordinary course of business. It specifically certifies they were not acquired or held to change or influence control of CTS Corp, consistent with a passive investment intent.
What type of filing did Wasatch Advisors submit for its CTS Corp holdings?
Wasatch Advisors submitted an Amendment No. 1 to a Schedule 13G for CTS Corp. This filing form is used to report beneficial ownership above 5% when the investor certifies a passive, non-control intent and meets the related regulatory conditions.
Who signed the Wasatch Advisors Schedule 13G/A for CTS Corp?
The Schedule 13G/A for CTS Corp was signed by Mike Yeates, identified with the title CEO. The signature section also includes a certification that the information in the statement is true, complete, and correct to the best of his knowledge and belief.