Champlain Investment Partners Trims GABC Stake to 5.9%
Ticker: GABC · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 714395
| Field | Detail |
|---|---|
| Company | German American Bancorp, Inc. (GABC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**Champlain Investment Partners cut its GABC stake to 5.9%.**
AI Summary
Champlain Investment Partners, LLC, an investment adviser, filed an amended Schedule 13G/A on February 13, 2024, indicating its ownership of 1,701,514 shares of German American Bancorp, Inc. (GABC) common stock as of December 31, 2023. This represents 5.9% of the company's outstanding shares, a decrease from their previous reported stake. This matters to investors because it shows a significant institutional investor has slightly reduced its position, which could signal a re-evaluation of the stock's prospects.
Why It Matters
A reduction in ownership by a major institutional investor like Champlain Investment Partners, LLC, from a previously higher stake, can sometimes be interpreted as a slight decrease in confidence in German American Bancorp, Inc.'s future performance.
Risk Assessment
Risk Level: low — While a reduction in institutional ownership is noted, it's a minor change and Champlain Investment Partners, LLC still holds a significant stake, indicating continued interest.
Analyst Insight
An investor should note that a significant institutional holder has slightly reduced its stake, but still maintains a substantial position. This might warrant further investigation into GABC's recent performance and outlook to understand the rationale behind the adjustment, rather than reacting solely to the ownership change.
Key Numbers
- 1,701,514 — Shares Beneficially Owned (This is the total number of GABC common shares Champlain Investment Partners, LLC reported owning as of December 31, 2023.)
- 5.9% — Percentage of Class Outstanding (This represents the proportion of German American Bancorp, Inc.'s common stock owned by Champlain Investment Partners, LLC, indicating a significant but slightly reduced stake.)
- 373865104 — CUSIP Number (This unique identifier helps identify German American Bancorp, Inc.'s common stock.)
- 12/31/2023 — Date of Event (This is the specific date on which Champlain Investment Partners, LLC's ownership percentage triggered the requirement for this filing.)
Key Players & Entities
- Champlain Investment Partners, LLC (company) — the reporting person and investment adviser
- German American Bancorp, Inc. (company) — the issuer of the common stock
- 1,701,514 (dollar_amount) — shares of common stock beneficially owned
- 5.9% (dollar_amount) — percentage of class outstanding
- December 31, 2023 (date) — date of event requiring the filing
- February 13, 2024 (date) — filing date of the SC 13G/A
Forward-Looking Statements
- Champlain Investment Partners, LLC will maintain a significant, but potentially fluctuating, stake in German American Bancorp, Inc. (GABC) throughout 2024, continuing to be an active institutional holder. (Champlain Investment Partners, LLC) — medium confidence, target: 2024-12-31
FAQ
What is the purpose of this SC 13G/A filing by Champlain Investment Partners, LLC?
This SC 13G/A filing is an amendment to a Schedule 13G, indicating that Champlain Investment Partners, LLC, an investment adviser, is updating its previously reported beneficial ownership of German American Bancorp, Inc. common stock as of December 31, 2023, under Rule 13d-1(b).
How many shares of German American Bancorp, Inc. (GABC) common stock does Champlain Investment Partners, LLC beneficially own?
As of December 31, 2023, Champlain Investment Partners, LLC beneficially owns 1,701,514 shares of German American Bancorp, Inc. common stock, as stated in Item 9 of the filing.
What percentage of German American Bancorp, Inc.'s outstanding common stock does Champlain Investment Partners, LLC own?
Champlain Investment Partners, LLC owns 5.9% of the outstanding common stock of German American Bancorp, Inc., as reported in Item 11 of the filing.
What is the CUSIP number for German American Bancorp, Inc.'s common stock?
The CUSIP number for German American Bancorp, Inc.'s common stock is 373865104, as listed on the cover page of the filing.
When was the event that required Champlain Investment Partners, LLC to file this statement?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page of the SC 13G/A.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding GERMAN AMERICAN BANCORP, INC. (GABC).