Conestoga Capital Discloses Passive Stake in Definitive Healthcare

TL;DR

**Conestoga Capital just revealed a big, passive stake in Definitive Healthcare, signaling institutional interest.**

AI Summary

Conestoga Capital Advisors, LLC, a Delaware-based investment advisor, has filed an SC 13G indicating its beneficial ownership of Definitive Healthcare Corp.'s Class A Common Stock as of December 31, 2023. This filing, made under Rule 13d-1(b), signifies that Conestoga holds a significant, but passive, stake in Definitive Healthcare. This matters to investors because it shows a professional investment firm sees value in the company, potentially signaling confidence in its future, but also means a large block of shares is held by an institutional investor, which can influence trading dynamics.

Why It Matters

This filing reveals a major institutional investor, Conestoga Capital Advisors, has taken a significant position in Definitive Healthcare, which can be seen as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate red flags or aggressive actions by the investor.

Analyst Insight

Investors should note the presence of a new institutional holder, Conestoga Capital Advisors, LLC, and consider it as part of their due diligence on Definitive Healthcare Corp., but recognize this is a passive stake and not an activist position.

Key Players & Entities

• Conestoga Capital Advisors, LLC (company) — the reporting person and institutional investor
• Definitive Healthcare Corp. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• Delaware (company) — place of organization for Conestoga Capital Advisors, LLC
• Rule 13d-1(b) (person) — the specific SEC rule under which the filing was made, indicating a passive investor
• Class A Common Stock (person) — the type of security held by Conestoga Capital Advisors, LLC

Forward-Looking Statements

• Definitive Healthcare Corp. may see increased investor confidence due to institutional backing. (Definitive Healthcare Corp.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• dh_10524.htm (SC 13G) — 25KB
• 0001085146-24-000042.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Definitive Healthcare Corp

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 492 Old Connecticut Path Suite 401 Farmingham, MA 01701

(a)

ITEM 2(a). NAME OF PERSON FILING: Conestoga Capital Advisors, LLC.

(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

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $.001

(e)

ITEM 2(e). CUSIP NUMBER: 24477E103 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) [ ] 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: 5,824,812 (b) Percent of class: 5.01% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Conestoga Capital Advisors, LLC. : 5,521,137 (ii) shared power to vote or to direct the vote: Conestoga Capital Advisors, LLC. : 0 (iii) sole power to dispose or direct the disposition of: Conestoga Capital Advisors, LLC. : 5,824,812 (iv) shared power to dispose or to direct the disposition of: Conestoga Capital Advisors, LLC. : 0 ITEM 5. If this statement is being filed to report the fa

View Full Filing

View this SC 13G filing on SEC EDGAR