Turtle Beach ownership by Hoak group falls below 5%
Turtle Beach Corp received an amended Schedule 13D from Hoak-affiliated entities reporting reduced ownership below the 5% threshold, constituting an exit filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Turtle Beach Corp received an amended Schedule 13D from Hoak-affiliated entities reporting reduced ownership below the 5% threshold, constituting an exit filing. Based on 17,909,711 shares of common stock outstanding as of July 30, 2026, Hoak Public Equities, L.P. directly owns 741,459 shares, or 4.14%, with the same amount deemed beneficially owned by Hoak Fund Management, L.P. and Hoak & Co. The Hale/Hoak family and related entities hold additional smaller stakes: J. Hale Hoak is deemed to beneficially own 831,404 shares (4.64%), James M. Hoak, Jr. 761,459 shares (4.25%), the Hale Hoak Child's Trust 25,000 shares (0.14%), The Hoak Foundation 20,000 shares (0.11%), and DeeDee Hoak 1,000 shares (0.01%). The cost basis for HPE’s 741,459 shares is $9,236,510.79, funded from its working capital, with separate disclosed purchase amounts for the Child’s Trust, Hoak Foundation, J. Hale Hoak personally, and DeeDee Hoak.
Key Figures
Key Terms
beneficial owner regulatory
Schedule 13D regulatory
exit filing regulatory
working capital financial
cost basis financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change in ownership of Turtle Beach Corp (TBCH) does this Schedule 13D/A report?
What is the total Turtle Beach Corp (TBCH) stake attributed to J. Hale Hoak?
What cost basis did Hoak Public Equities disclose for its Turtle Beach Corp (TBCH) position?
AI-generated analysis. How Rhea-AI works. Not financial advice.