Kayne Anderson Rudnick boosts Simpson (SSD) stake to 4.0M shares, 9.7%
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G reporting its beneficial ownership of Simpson Manufacturing Co Inc common stock. The firm reports beneficial ownership of 4,017,923 Simpson Manufacturing Ord Shs, representing 9.7% of the outstanding class as of the reported date.
Kayne Anderson Rudnick has sole voting power over 2,584,882 shares and shared voting power over 797,010 shares. It has sole dispositive power over 3,220,913 shares and shared dispositive power over 797,010 shares. The filer certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Simpson Manufacturing.
Positive
- None.
Negative
- None.
FAQ
Is Kayne Anderson Rudnick’s stake in Simpson Manufacturing (SSD) intended to influence control?
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Simpson Manufacturing, indicating a passive investment stance for its SSD holdings.
What type of filing did Kayne Anderson Rudnick submit regarding Simpson Manufacturing (SSD)?
Kayne Anderson Rudnick submitted an amended Schedule 13G/A (Amendment No. 6) for Simpson Manufacturing Co Inc. This form is typically used by investors holding more than 5% of a company’s stock on a passive, non-control-seeking basis.