Hood River Capital reveals 6.76% Lovesac Co (LOVE) ownership stake in 13G/A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Hood River Capital Management LLC filed an amended beneficial ownership report on Lovesac Co., disclosing holdings of 987,744 shares of common stock. This represents 6.76% of the outstanding class as of the reporting date. Hood River reports no voting power over these shares but has sole power to dispose of them.
The firm certifies that the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Lovesac. The filing is signed by Robert Schmaltz as CCO and COO, reflecting an institutional investment position above the 5% threshold that triggers disclosure.
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FAQ
What did Hood River Capital disclose about Lovesac Co (LOVE)?
Hood River Capital disclosed beneficial ownership of 987,744 Lovesac Co common shares, representing 6.76% of the class. The firm reports no voting power but sole power to dispose of the shares, indicating a significant institutional investment stake.
How large is Hood River Capital’s ownership stake in Lovesac Co (LOVE)?
Hood River Capital reports beneficial ownership of 987,744 Lovesac Co shares, equal to 6.76% of the outstanding common stock. This level of ownership exceeds the 5% threshold that requires public disclosure on a Schedule 13G filing.
Why is Hood River Capital’s Lovesac (LOVE) position reported on a Schedule 13G/A?
The position is reported on a Schedule 13G/A because Hood River Capital is a beneficial owner of more than 5% of Lovesac’s common stock. It certifies the shares were acquired in the ordinary course of business and not to influence control of the company.
What is the significance of the 6.76% ownership in Lovesac Co (LOVE)?
An ownership stake of 6.76% in Lovesac Co signals a meaningful institutional position. Crossing the 5% threshold triggers regulatory disclosure, giving investors transparency into large holders and how many shares they can dispose of in the market.
Who signed the Hood River Capital ownership report for Lovesac (LOVE)?
The report is signed by Robert Schmaltz, identified as Chief Compliance Officer (CCO) and Chief Operating Officer (COO). The signature certifies that the disclosed Lovesac holdings and related information are true, complete, and correct to the best of his knowledge.