Cortopassi Partners Trims FMCB Stake to 5.6%
Ticker: FMCB · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1085913
| Field | Detail |
|---|---|
| Company | Farmers & Merchants Bancorp (FMCB) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 9 |
| Reading Time | 10 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, stake-change, SC-13G/A
TL;DR
**Cortopassi Partners cut its stake in Farmers & Merchants Bancorp to 5.6%.**
AI Summary
Cortopassi Partners, L.P. filed an amended Schedule 13G/A on February 5, 2024, indicating a change in their beneficial ownership of Farmers & Merchants Bancorp (FMCB) common stock as of December 31, 2023. The filing shows Cortopassi Partners now beneficially owns 41,755 shares, representing 5.6% of the company's common stock, down from a previous filing. This matters to investors because it signals a reduction in a significant institutional holder's stake, which could be interpreted as a slight decrease in confidence or a portfolio rebalancing.
Why It Matters
A reduction in a significant investor's stake can sometimes signal a shift in their outlook on the company's future performance or valuation, potentially influencing other investors' decisions.
Risk Assessment
Risk Level: low — This filing indicates a minor change in institutional ownership, which typically carries a low direct risk to the company's operations or stock price.
Analyst Insight
Investors should note the slight reduction in institutional ownership by Cortopassi Partners, L.P. and consider it as one data point among many when evaluating their investment in Farmers & Merchants Bancorp. It's prudent to investigate the reasons behind such a change, if publicly available, and assess if it aligns with their own investment thesis.
Key Numbers
- 41,755 — Shares Beneficially Owned (This is the total number of shares of Farmers & Merchants Bancorp common stock Cortopassi Partners, L.P. now beneficially owns.)
- 5.6% — Percentage of Class (This represents the percentage of Farmers & Merchants Bancorp's common stock that Cortopassi Partners, L.P. beneficially owns as of December 31, 2023.)
Key Players & Entities
- Cortopassi Partners, L.P. (company) — the reporting person who filed the SC 13G/A
- FARMERS & MERCHANTS BANCORP (company) — the issuer of the common stock
- 41,755 (dollar_amount) — number of shares beneficially owned by Cortopassi Partners, L.P.
- 5.6% (dollar_amount) — percentage of class represented by Cortopassi Partners, L.P.'s ownership
- December 31, 2023 (date) — date of event which requires filing of this statement
Forward-Looking Statements
- Other institutional investors may review their positions in Farmers & Merchants Bancorp following this reduction by Cortopassi Partners. (FARMERS & MERCHANTS BANCORP) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Cortopassi Partners, L.P., as stated in the filing under 'NAME OF REPORTING PERSON'.
What is the name of the issuer whose securities are being reported?
The issuer is FARMERS & MERCHANTS BANCORP, as identified in the filing under 'Name of Issuer'.
How many shares of common stock does Cortopassi Partners, L.P. beneficially own as per this filing?
Cortopassi Partners, L.P. beneficially owns 41,755 shares, as indicated in Row 9 of the Schedule 13G.
What percentage of the class of securities does Cortopassi Partners, L.P. represent with their ownership?
Cortopassi Partners, L.P. represents 5.6% of the class, as shown in Row 11 of the Schedule 13G.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the filing.
Filing Stats: 2,571 words · 10 min read · ~9 pages · Grade level 10.2 · Accepted 2024-02-05 16:08:53
Filing Documents
- d688133dsc13ga.htm (SC 13G/A) — 81KB
- d688133dex99a.htm (EX-99.A) — 3KB
- 0001193125-24-024060.txt ( ) — 85KB
SIGNATURES
SIGNATURES 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. CORTOPASSI PARTNERS, L.P. By: San Tomo, Inc., General Partner /s/ Brady Whitlow Brady Whitlow, President Date: January 30. 2024 DAC/JAC TRUST /s/ Katherine Whitlow Katherine Whitlow, Trustee Date: January 31, 2024 The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representatives authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including exhibits. See 240.13d-7 for other parties for whom copies are to be sent. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)