Global Alpha reports 3.5% Farmland Partners (NYSE: FPI) stake
Rhea-AI Filing Summary
Farmland Partners Inc. received an amended Schedule 13G/A from Global Alpha Capital Management Ltd., disclosing Global Alpha as a beneficial owner of this class of securities. Global Alpha reports beneficial ownership of 1,496,785 shares, representing 3.5% of the class as of the reported date.
Global Alpha states sole power to vote 1,094,329 shares and sole power to dispose of 1,496,785 shares, with no shared voting or dispositive power. The firm certifies the holdings were acquired and are held in the ordinary course of business, not to change or influence control of Farmland Partners, and indicates it does not consider itself part of a group for Section 13(d) purposes.
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FAQ
What stake does Global Alpha hold in Farmland Partners Inc. (FPI)?
Global Alpha Capital Management Ltd. reports beneficial ownership of 1,496,785 Farmland Partners Inc. shares, representing 3.5% of the class. This ownership is disclosed in an amended Schedule 13G/A as of the stated event date, indicating a significant but minority passive position.
Does Global Alpha intend to influence control of Farmland Partners Inc.?
Global Alpha certifies the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of Farmland Partners. It also states the holdings are not in connection with any transaction having that control-related purpose or effect under Section 13(d).
Why did Global Alpha file an amended Schedule 13G/A for FPI?
The amended Schedule 13G/A updates Global Alpha’s beneficial ownership information in Farmland Partners Inc. It reports 1,496,785 shares, or 3.5% of the class, along with current voting and dispositive powers and certifications that the position is held on a passive, ordinary-course investment basis.
What does “ownership of 5 percent or less of a class” indicate here for FPI?
The filing marks ownership of 5 percent or less of the class, with Global Alpha reporting a 3.5% stake. This confirms its beneficial ownership is below the 5% threshold, while still requiring disclosure under the applicable Schedule 13G beneficial ownership reporting framework.