Dimensional Fund Advisors Amends G-III Apparel Stake
Ticker: GIII · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 821002
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Dimensional Fund Advisors still holds G-III Apparel stock, signaling continued institutional confidence.**
AI Summary
Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amendment to their SC 13G, indicating their ownership in G-III Apparel Group Ltd's Common Stock as of December 29, 2023. This filing, Amendment No. 6, shows that Dimensional Fund Advisors LP continues to hold a significant stake in G-III Apparel Group. This matters to investors because large institutional holdings can signal confidence in a company's long-term prospects, potentially influencing stock stability and future performance.
Why It Matters
This filing confirms a major institutional investor, Dimensional Fund Advisors LP, maintains a significant position in G-III Apparel Group, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor and does not indicate any immediate negative or positive risk.
Analyst Insight
An investor might view this as a sign of continued institutional confidence in G-III Apparel Group, but should conduct further due diligence on the company's fundamentals before making investment decisions.
Key Players & Entities
- Dimensional Fund Advisors LP (company) — the reporting person and institutional investor
- G-III Apparel Group Ltd (company) — the subject company whose stock is being reported
- Delaware (company) — place of organization for Dimensional Fund Advisors LP
- December 29, 2023 (date) — date of event requiring the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 6, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is Dimensional Fund Advisors LP, identified by IRS Identification No. 30-0447847 and organized as a Delaware Limited Partnership.
What is the subject company of this filing?
The subject company is G-III Apparel Group Ltd, whose Common Stock is the class of securities being reported, with CUSIP Number 36237H101.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as explicitly stated in the document.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Stats: 1,224 words · 5 min read · ~4 pages · Grade level 9.1 · Accepted 2024-02-09 09:59:00
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 17KB
- 0000354204-24-002978.txt ( ) — 19KB
From the Filing
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6 ) * G-III Apparel Group Ltd (Name of Issuer) Common Stock (Title of Class of Securities) 36237H101 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 36237H101 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,724,004 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,777,980 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,777,980 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer G-III Apparel Group Ltd (b) Address of Issuer's Principal Executive Offices 512 Seventh Avenue, New York, NY 10018 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 36237H101 Item 3. If This Statement is Filed Pursuant to Rule 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. 78o). (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 Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association 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) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). 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: 2,777,980 ** see Note 1 ** (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 2,724,004 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 2,777,980 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the benefi