Kayne Anderson Rudnick (GOLF) discloses 10.4% stake in Acushnet Holdings
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Kayne Anderson Rudnick Investment Management, LLC has filed an amended Schedule 13G reporting beneficial ownership of 6,092,055 Acushnet Holdings Corp ordinary shares, representing 10.4% of the class as of the stated event date.
The firm reports sole voting power over 3,962,301 shares and shared voting power over 1,111,401 shares. It also has sole dispositive power over 4,980,654 shares and shared dispositive power over 1,111,401 shares. The filing states the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Acushnet Holdings Corp.
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FAQ
What stake in Acushnet Holdings Corp (GOLF) does Kayne Anderson Rudnick report?
Kayne Anderson Rudnick reports beneficial ownership of 6,092,055 Acushnet Holdings Corp shares, representing 10.4% of the outstanding class. This level of ownership requires Schedule 13G reporting as it crosses the 5% beneficial ownership threshold for institutional investors.
What voting power does Kayne Anderson Rudnick have in Acushnet Holdings Corp (GOLF)?
Kayne Anderson Rudnick reports sole voting power over 3,962,301 shares and shared voting power over 1,111,401 shares of Acushnet Holdings Corp. Voting power indicates how many shares the firm can vote or direct the vote in corporate matters.
Why did Kayne Anderson Rudnick file an amended Schedule 13G for Acushnet (GOLF)?
An amended Schedule 13G was filed because Kayne Anderson Rudnick’s beneficial ownership of Acushnet shares reached 10.4%. Schedule 13G/A updates previously reported holdings when ownership levels or other required disclosure details change for a significant shareholder.
Is Kayne Anderson Rudnick seeking control of Acushnet Holdings Corp (GOLF)?
The filing states the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of Acushnet. It also specifies they are not held in connection with any control-related transaction, other than limited nomination activities referenced in regulations.
What type of reporting person is Kayne Anderson Rudnick in this Acushnet (GOLF) filing?
Kayne Anderson Rudnick identifies as an investment adviser under Rule 13d-1(b)(1)(ii)(E). As a registered adviser, it must report beneficial ownership positions in client accounts that exceed 5% of a public company’s outstanding equity securities.