Brandes Investment Partners (GHM) discloses 11.34% CORP stake in 13G/A
Rhea-AI Filing Summary
Brandes Investment Partners, L.P. has filed an amended Schedule 13G reporting beneficial ownership of 1,245,819 common shares of CORP, representing 11.34% of the class as of the event date. Brandes reports no sole voting or dispositive power, with shared voting power over 771,666 shares and shared dispositive power over 1,245,819 shares.
The firm is identified as an investment adviser organized in Delaware and certifies that the shares were acquired and are held in the ordinary course of business, not for the purpose or effect of changing or influencing control of the issuer.
Positive
- None.
Negative
- None.
Insights
Brandes reports an 11.34% passive stake in CORP with shared control over voting and disposition.
Brandes Investment Partners discloses beneficial ownership of 1,245,819 CORP common shares, or 11.34% of the class. The firm has shared voting power over 771,666 shares and shared dispositive power over the full 1,245,819 shares, but no sole authority.
The filing is made on a Schedule 13G basis, which is typically used for passive investors. Brandes certifies the position is held in the ordinary course of business and not to change or influence control, indicating a non-activist stance based on this disclosure.
The stake size makes Brandes a significant holder, but any impact will depend on portfolio management decisions rather than an explicit control agenda, given the passive certification in Item 10.