Conestoga Capital Advisors Holds 3.59M Shares of Digi International

TL;DR

**Conestoga Capital Advisors still owns 3.59M shares of DGI, signaling continued institutional confidence.**

AI Summary

Conestoga Capital Advisors, LLC, an investment firm based in Wayne, PA, filed an amended SC 13G/A on January 5, 2024, for Digi International, Inc. (DGI). This filing indicates that Conestoga Capital Advisors now beneficially owns 3,593,660 shares of Digi International's common stock, representing a significant stake. This matters to investors because it shows a professional investment firm maintains a substantial position in DGI, potentially signaling confidence in the company's future performance.

Why It Matters

This filing confirms a major institutional investor, Conestoga Capital Advisors, continues to hold a significant stake in Digi International, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous filing, indicating a stable or slightly adjusted position by an institutional investor, which generally doesn't introduce new significant risks.

Analyst Insight

An investor might view this as a sign of continued institutional confidence in Digi International, prompting further research into the company's fundamentals and recent performance to understand why a firm like Conestoga Capital Advisors maintains such a position.

Key Numbers

• 3,593,660 — Shares Beneficially Owned (the total number of shares of Digi International, Inc. common stock held by Conestoga Capital Advisors, LLC with sole voting power)
• $0.01 — Par Value per Share (the par value of Digi International, Inc. common stock)
• 253798102 — CUSIP Number (the unique identification number for Digi International, Inc. common stock)
• 0001085146-24-000028 — Accession Number (the unique identifier for this specific SEC filing)
• 20240105 — Date of Event (the date requiring the filing of this statement)

Key Players & Entities

• Conestoga Capital Advisors, LLC (company) — the investment firm filing the SC 13G/A
• Digi International, Inc. (company) — the subject company whose stock is being reported
• Delaware (company) — state of incorporation for Conestoga Capital Advisors, LLC
• Wayne, PA (company) — business address for Conestoga Capital Advisors, LLC
• Hopkins, MN (company) — business address for Digi International, Inc.

Forward-Looking Statements

• Conestoga Capital Advisors will maintain a significant stake in Digi International for the foreseeable future. (Conestoga Capital Advisors, LLC) — medium confidence, target: 2025-01-05

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• dgiia1_10524.htm (SC 13G/A) — 32KB
• 0001085146-24-000028.txt ( ) — 34KB

(a)

ITEM 1(a). NAME OF ISSUER: Digi International, Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Digi International, Inc. 9350 Excelsior Blvd. Suite 700 Hopkins, MN 55343

(a)

ITEM 2(a). NAME OF PERSON FILING: Conestoga Capital Advisors LLC Conestoga Small Cap Fund

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 550 E. Swedesford Rd. Suite 120 Wayne, PA 19087

(c)

ITEM 2(c). CITIZENSHIP: Delaware Delaware

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per share

(e)

ITEM 2(e). CUSIP NUMBER: 253798102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 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. 78c); (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) [X] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] 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); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 3,838,105 2,503,900 (b) Percent of class: 10.63% 6.93% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Conestoga Capital Advisors LLC : 3,593,660 Conestoga Small Cap Fund : 2,503,900 (ii) shared power to vote or to direct the vote: Conestoga Capital Advisors LLC : 0 Conestoga Small Cap Fund : 0 (iii) sole power to dispose or direct the disposition of: Conestoga Capital Advisors LLC : 3,838,105 Conestoga Small Cap Fund : 2,503,900 (iv) shared power to dispose or to direct the disposition of: Conestoga Capital Advisors LL

View Full Filing

View this SC 13G/A filing on SEC EDGAR