Private Capital Management (TH) reports 3.70% stake in Target Hospitality

Rhea-AI Filing Summary

Target Hospitality Corp. received an amendment to a Schedule 13G from Private Capital Management, LLC reporting beneficial ownership of 3,701,815 shares of Common Stock, representing 3.70% of the class as of 06/30/2026.

The filing states sole voting/dispositive power over 1,417,302 shares and shared voting/dispositive power over 2,284,513 shares, and disclaims beneficial ownership where dispositive power is held.

Key Figures

Beneficial ownership: 3,701,815 shares Percent of class: 3.70% Sole voting/dispositive power: 1,417,302 shares +1 more

4 metrics

Beneficial ownership 3,701,815 shares as of 06/30/2026

Percent of class 3.70% reported on Schedule 13G/A amendment

Sole voting/dispositive power 1,417,302 shares sole voting and sole dispositive power

Shared voting/dispositive power 2,284,513 shares shared voting and shared dispositive power

Key Terms

Schedule 13G/A, Beneficial ownership, Dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment to a Schedule 13G filed by Private Capital Management"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Amount beneficially owned: 3,701,815 (b) Percent of class: 3.70 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Dispositive power regulatory

"Sole power to dispose: 1,417,302; Shared power to dispose: 2,284,513"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/06/2026 - 05:25 PM Accepted by SEC EDGAR 07/06/2026 - 05:24 PM Learn about SEC filing dates

FAQ

What stake does Private Capital Management report in Target Hospitality (TH)?

Private Capital Management reports beneficial ownership of 3,701,815 shares, equal to 3.70% of the common stock as of 06/30/2026. The filing lists both sole and shared voting and dispositive powers for portions of that holding.

Does the Schedule 13G/A indicate who receives voting control?

The filing shows sole voting power over 1,417,302 shares and shared voting power over 2,284,513 shares. It notes shared voting authority arises from client proxy delegations and may be revoked by clients.

Is Private Capital Management claiming beneficial ownership of all reported shares?

The filer affirms beneficial ownership of 3,701,815 shares but explicitly disclaims beneficial ownership of shares where it has dispositive power and denies existence of a group, per signature comments on the amendment.

What is the filing date or effective date referenced in the Schedule 13G/A?

The amendment references an ownership position "as of" 06/30/2026, and the signature block is dated 07/06/2026. Those dates anchor the reported share counts and voting/dispositive allocations.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Target Hospitality Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

87615L107

(CUSIP Number)

06/30/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 87615L107

1

Names of Reporting Persons

Private Capital Management, LLC

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 1,417,302.00
6	Shared Voting Power 2,284,513.00
7	Sole Dispositive Power 1,417,302.00
8	Shared Dispositive Power 2,284,513.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,701,815.00

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)

3.70 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Target Hospitality Corp.
(b)	Address of issuer's principal executive offices: 9320 Lakeside Boulevard, Suite 300, The Woodlands, TX, 77381
Item 2.
(a)	Name of person filing: Private Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 8889 Pelican Bay Boulevard, Suite 500, Naples, FL 34108
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 87615L107
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: 3,701,815
(b)	Percent of class: 3.70 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,417,302
	(ii) Shared power to vote or to direct the vote: 2,284,513
	(iii) Sole power to dispose or to direct the disposition of: 1,417,302
	(iv) Shared power to dispose or to direct the disposition of: 2,284,513
Item 5.	Ownership of 5 Percent or Less of a Class.
	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.

Private Capital Management, LLC

Signature:	/s/ Chad D. Atkins
Name/Title:	President
Date:	07/06/2026

Comments accompanying signature: *PCM exercises shared voting authority with respect to shares held by those PCM clients that have delegated proxy voting authority to PCM. Such delegation may be granted or revoked at any time at the client's discretion. **PCM disclaims beneficial ownership of shares over which it has dispositive power and disclaims the existence of a group.