Private Capital Management Cuts FNWB Stake to 7.9%

TL;DR

**Private Capital Management just trimmed its FNWB stake to 7.9%, watch for potential stock movement.**

AI Summary

Private Capital Management, LLC, a Delaware-based investment firm, has filed an Amendment No. 5 to its SC 13G filing for First Northwest Bancorp (NASDAQ: FNWB). As of December 31, 2023, Private Capital Management beneficially owns 795,900 shares of First Northwest Bancorp's common stock, representing 7.9% of the company. This is a decrease from their previous reported ownership, indicating they have reduced their stake, which could signal a shift in their investment strategy or outlook on FNWB's future performance.

Why It Matters

This filing shows a significant institutional investor, Private Capital Management, has reduced its ownership in First Northwest Bancorp, which could be interpreted negatively by other investors and potentially impact the stock price.

Risk Assessment

Risk Level: medium — A reduction in ownership by a major institutional investor like Private Capital Management could signal a lack of confidence, potentially leading to downward pressure on the stock price for First Northwest Bancorp.

Analyst Insight

Investors should monitor First Northwest Bancorp's stock performance and consider if other institutional investors follow Private Capital Management's lead, potentially signaling a broader shift in sentiment towards the company.

Key Numbers

• 795,900 — Total Shares Owned (Represents Private Capital Management, LLC's beneficial ownership in First Northwest Bancorp as of December 31, 2023.)
• 7.9% — Percentage of Class (Indicates the proportion of First Northwest Bancorp's common stock owned by Private Capital Management, LLC.)
• 237,891 — Sole Voting Power Shares (The number of shares Private Capital Management, LLC can vote independently.)
• 558,009 — Shared Voting Power Shares (The number of shares Private Capital Management, LLC can vote jointly with others.)

Key Players & Entities

• Private Capital Management, LLC (company) — the reporting person reducing its stake
• First Northwest Bancorp (company) — the subject company whose shares are being reported
• 795,900 (dollar_amount) — total shares beneficially owned by Private Capital Management, LLC
• 7.9% (dollar_amount) — percentage of First Northwest Bancorp's common stock owned by Private Capital Management, LLC
• December 31, 2023 (date) — the date of the event which requires this filing

Forward-Looking Statements

• First Northwest Bancorp's stock price may experience downward pressure due to the reduction in institutional ownership. (First Northwest Bancorp) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• fnwb25241sc13ga5.htm (SC 13G/A) — 40KB
• 0001214659-24-001931.txt ( ) — 42KB

(a)

Item 1(a). Name of Issuer: First Northwest Bancorp

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 105 West 8 th Street, Port Angeles, Washington 98362

(a)

Item 2(a). Name of Person Filing: Private Capital Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 8889 Pelican Bay Boulevard, Suite 500, Naples, Florida 34108

(c)

Item 2(c). Citizenship: USA

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 335834107 Page 3 of 6 pages 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) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) x Investment company registered under Section 8 of the Investment Company Act of 1940; (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o 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; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned**: 795,900 (b) Percent of Class: 8.28% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 237,891 (ii) shared power to vote or to direct the vote*: 558,009 (iii) sole power to dispose or to direct the disposition of: 237,891 (iv) shared power to dispose or to direct the disposition of: 558,009 Page 4 of 6 pages Item 5. If this statement is being filed to report the fact that as of the date hereof the r

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View this SC 13G/A filing on SEC EDGAR