[SCHEDULE 13G] TAT Technologies Ltd SEC Filing
Rhea-AI Filing Summary
Wasatch Advisors LP reported beneficial ownership of 781,216 ordinary shares of TAT Technologies Ltd, equal to 6.1% of the class. Wasatch holds sole voting power over 741,159 shares and sole dispositive power over all 781,216 shares, with no shared voting or dispositive powers. The filing states these securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Wasatch is identified as an investment adviser organized in Delaware.
Positive
- None.
Negative
- None.
Insights
TL;DR: A material institutional stake (6.1%, 781,216 shares) is disclosed but flagged as a passive, ordinary-course holding.
The 6.1% position is large enough to be material to investors and may affect perceived ownership concentration. Wasatch reports sole voting power on 741,159 shares and sole dispositive power on 781,216 shares, indicating clear control over disposal and voting of its position while asserting a passive intent. This disclosure does not signal an active campaign to change management or strategy, but the size of the stake makes future activity worth monitoring.
TL;DR: Schedule 13G filing signals passive ownership; no current intent to influence control despite material stake.
Wasatch certified that the holdings were acquired and are held in the ordinary course of business and are not for the purpose of changing or influencing control. The combination of sole voting and dispositive powers means Wasatch can act unilaterally if it changes strategy, but the statement in the filing classifies the position as passive. From a governance perspective, this is a disclosure of significant ownership without an associated activist signal.