Wasatch Advisors Holds 9.1% Stake in Kadant Inc.
Ticker: KAI · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 886346
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, investment-adviser
TL;DR
**Wasatch Advisors still owns 9.1% of Kadant, showing strong conviction.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an amendment on February 9, 2024, to their SC 13G filing for Kadant Inc. This amendment, number 6, indicates that Wasatch Advisors LP now beneficially owns 1,064,414 shares of Kadant Inc.'s Common Stock, representing 9.1% of the class. This matters to investors because it shows a significant institutional holder maintains a large stake, suggesting continued confidence in Kadant Inc.'s future performance.
Why It Matters
This filing confirms a major institutional investor, Wasatch Advisors LP, continues to hold a substantial position in Kadant Inc., signaling their ongoing belief in the company's value.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a vote of confidence.
Analyst Insight
Investors should note the continued significant institutional ownership by Wasatch Advisors LP, which can be a positive signal of long-term value, but this filing alone doesn't suggest immediate action.
Key Numbers
- 1,064,414 — Shares Owned (Represents the total number of Kadant Inc. Common Stock shares Wasatch Advisors LP beneficially owns.)
- 9.1% — Percent of Class Owned (Indicates the significant portion of Kadant Inc. that Wasatch Advisors LP controls, highlighting their influence.)
Key Players & Entities
- Wasatch Advisors LP (company) — the reporting person and investment adviser
- Kadant Inc. (company) — the issuer of the securities
- 1,064,414 (dollar_amount) — number of shares of Common Stock beneficially owned
- 9.1% (dollar_amount) — percentage of Kadant Inc. Common Stock owned by Wasatch Advisors LP
- February 9, 2024 (dollar_amount) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- Wasatch Advisors LP will maintain a significant stake in Kadant Inc. (Wasatch Advisors LP) — medium confidence, target: Next 12 months
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Wasatch Advisors LP, an investment adviser registered under section 203 of the Investment Advisers Act of 1940, as stated in Item 1 and Item 3(e) of the filing.
What is the aggregate amount of Kadant Inc. Common Stock beneficially owned by Wasatch Advisors LP?
Wasatch Advisors LP beneficially owns an aggregate amount of 1,064,414 shares of Kadant Inc. Common Stock, as detailed in Item 9 and Item 4(a) of the filing.
What percentage of Kadant Inc.'s Common Stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 9.1% of the class of Kadant Inc.'s Common Stock, as specified in Item 11 and Item 4(b) of the filing.
Does Wasatch Advisors LP have shared voting or dispositive power over these shares?
No, Wasatch Advisors LP has sole voting power over 1,064,414 shares and sole dispositive power over 1,064,414 shares, with 0 shares under shared voting or dispositive power, according to Items 5-8 and Item 4(c) of the filing.
What is the CUSIP number for the class of securities reported in this filing?
The CUSIP number for the Common Stock of Kadant Inc. is 48282T104, as stated in Item 1 and Item 2(e) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding KADANT INC (KAI).