Institutional Holder Brandes Reports 7.39% Ownership in Utah Medical Products
Rhea-AI Filing Summary
Brandes Investment Partners, L.P. reports beneficial ownership of 271,537 common shares of Utah Medical Products, representing 7.39% of the class as stated in Item 4. The filing shows Brandes holds shared voting and shared dispositive power over these shares and reports no sole voting or dispositive power, indicating it does not exercise unilateral control.
The statement is filed on Schedule 13G/A and classifies the reporting person as IA, PN (investment adviser/portfolio manager). The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Reported beneficial ownership of 271,537 shares, a material disclosure above the 5% threshold
- Filer classified as IA, PN, indicating institutional investment and regulatory transparency
Negative
- Inconsistency in percent of class reported within the filing (one section lists 8.4% while Item 4 lists 7.39%)
- No sole voting or dispositive power reported, limiting direct control or influence over corporate decisions
Insights
TL;DR: Brandes reports a material passive stake of 271,537 UTMD shares (7.39%), disclosed on Schedule 13G/A.
Brandes' reported stake of 271,537 shares (7.39%) exceeds the 5% reporting threshold and is therefore material to holders of UTMD equity from a disclosure perspective. The filing is a Schedule 13G/A, including the filers certification that the position is held in the ordinary course of business and not to influence control, which typically signals a passive, institutional investment rather than an activist intent. Shared voting and dispositive power is disclosed; there is no sole control.
TL;DR: Ownership is material but declared passive; shared voting/dispositive power suggests limited governance influence.
The report classifies Brandes as IA, PN and discloses only shared voting and dispositive power over the 271,537 shares. The signer certifies the holdings are not for the purpose of changing control, reinforcing a passive posture. From a governance standpoint, the position is sizable enough to warrant monitoring by management and investors, but the filing contains no indication of control-seeking activities.