Allspring reduces Denny's (DENN) stake to 0.0% in amended Schedule 13G/A
Rhea-AI Filing Summary
Allspring Global Investments Holdings, LLC has filed an amended Schedule 13G reporting a very small passive position in Denny's Corp. The firm reports beneficial ownership of 1 share of Denny's common stock, representing 0.0% of the class, with sole voting and dispositive power over that single share.
The securities covered are owned of record by clients of investment advisers indirectly owned by Allspring, and those clients hold the right to receive dividends or sale proceeds. The filing notes that no client is known to hold more than five percent of this class of securities. Allspring certifies that the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Denny's.
Positive
- None.
Negative
- None.
Insights
Allspring now reports only 0.0% beneficial ownership in Denny's, held passively for advisory clients.
Allspring Global Investments Holdings, LLC discloses beneficial ownership of just 1 share of Denny's Corp common stock, equal to 0.0% of the class. Voting and dispositive power are each listed as 1 share on a sole basis, indicating no meaningful control or influence via equity holdings.
The securities referenced are owned of record by clients of Allspring-affiliated investment advisers, and the filing states that no such client is known to hold more than five percent of the class. The certification that the holdings are in the ordinary course of business and not intended to change or influence control characterizes this as routine institutional asset-management activity rather than an activist or strategic stake.
The amendment status and the explicit “ownership of 5 percent or less” indication suggest that Allspring and its related clients are no longer a significant shareholder for reporting purposes. Future ownership levels, if they change materially, would be reflected in subsequent beneficial ownership reports.