[SCHEDULE 13G] Limbach Holdings, Inc SEC Filing

Rhea-AI Filing Summary

Wasatch Advisors LP reported passive beneficial ownership of 638,879 shares of Limbach Holdings, Inc., representing 5.5% of the company's common stock. Wasatch has sole dispositive power over all 638,879 shares and sole voting power over 491,123 shares, with no shared voting or dispositive power. The filing classifies Wasatch as an investment adviser organized in Delaware and includes addresses for the issuer and the filer. The filing also includes a certification that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing control.

Positive

• Material, disclosed stake of 5.5% (638,879 shares) in Limbach Holdings provides clear public information about institutional ownership
• Sole dispositive power over 638,879 shares and sole voting power over 491,123 shares indicates Wasatch controls disposition and a substantial portion of voting influence for its position

Negative

• None.

Insights

Securities Analyst

TL;DR: Wasatch holds a disclosed passive 5.5% stake (638,879 shares) with sole dispositive control; material but routine under Schedule 13G.

Wasatch's reported position crosses the >5% threshold that triggers public disclosure, making this a material ownership update. The filer reports sole dispositive power for 638,879 shares and sole voting power for 491,123 shares, with no shared powers. Classification as an investment adviser and the certification of passive, ordinary-course holdings indicate the filer asserts no intent to influence control, which is consistent with a Schedule 13G rather than a 13D.

Portfolio Manager

TL;DR: A 5.5% passive stake signals institutional interest in LMB while the filer disclaims any plan to seek control.

From a portfolio perspective, a 5.5% holding is large enough to be noticed by the market and other institutional holders. The filing shows clear dispositive authority and significant voting power, though less than dispositive power, and the filer states the position is held in the ordinary course. No shared control or group affiliation is reported, and no transaction intent to change control is asserted.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Limbach Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

53263P105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 53263P105

1

Names of Reporting Persons

WASATCH ADVISORS LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 491,123.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 638,879.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

638,879.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Limbach Holdings, Inc.
(b)	Address of issuer's principal executive offices: 797 COMMONWEALTH DRIVE, WARRENDALE, PENNSYLVANIA, 15086
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 53263P105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 638,879
(b)	Percent of class: 5.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 491,123
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 638,879
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

WASATCH ADVISORS LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	06/30/2025

FAQ

How many Limbach Holdings (LMB) shares does Wasatch Advisors LP own?

Wasatch Advisors LP beneficially owns 638,879 shares of Limbach Holdings common stock.

What percentage of LMB does Wasatch Advisors LP hold?

Wasatch's position represents 5.5% of the class of Limbach Holdings common stock.

Does Wasatch Advisors have voting control over its LMB shares?

Wasatch reports sole voting power for 491,123 shares and no shared voting power.

Is this filing indicating an intent to influence control of Limbach (LMB)?

The filer certified the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

How is Wasatch Advisors classified in this Schedule 13G?

The filing identifies Wasatch Advisors LP as an investment adviser (IA) organized in Delaware with its principal office in Salt Lake City, Utah.