Tieton Capital Maintains 5.8% Stake in Key Tronic Corp
Ticker: KTCC · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 719733
| Field | Detail |
|---|---|
| Company | Key Tronic Corp (KTCC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**Tieton Capital still owns 5.8% of Key Tronic, signaling continued institutional interest.**
AI Summary
Tieton Capital Management, LLC filed an amended SC 13G/A on February 1, 2024, reporting a 5.8% beneficial ownership stake in Key Tronic Corporation (KTCC) as of December 31, 2023. This represents 621,151 shares with shared voting and dispositive power. This filing indicates a significant institutional investor maintains a notable position, which could signal confidence in the company's long-term prospects to other investors.
Why It Matters
This filing shows a significant institutional investor, Tieton Capital Management, continues to hold a substantial stake in Key Tronic, which can be interpreted as a vote of confidence in the company's future by a professional money manager.
Risk Assessment
Risk Level: low — This filing is an amendment showing a stable or slightly adjusted institutional holding, which generally presents low risk.
Analyst Insight
Investors should note that a significant institutional holder like Tieton Capital Management maintains its position, suggesting continued confidence in Key Tronic. This could be a positive signal, but further due diligence on Key Tronic's fundamentals is always recommended.
Key Numbers
- 621,151 — Shares Beneficially Owned (Represents the total number of Key Tronic Corporation shares Tieton Capital Management, LLC beneficially owns.)
- 5.8% — Percent of Class (Indicates the percentage of Key Tronic Corporation's common stock beneficially owned by Tieton Capital Management, LLC.)
- December 31, 2023 — Date of Event (The date as of which the beneficial ownership information was reported.)
Key Players & Entities
- Tieton Capital Management, LLC (company) — the reporting person and institutional investor
- Key Tronic Corporation (company) — the issuer of the securities
- Washington (company) — place of organization for Tieton Capital Management
Forward-Looking Statements
- Tieton Capital Management will maintain a significant stake in Key Tronic Corporation for the foreseeable future. (Tieton Capital Management, LLC) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A is an Amendment No. 20 filed by Tieton Capital Management, LLC to update its beneficial ownership in Key Tronic Corporation, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Tieton Capital Management, LLC, with an IRS Identification No. 20-2956186 and organized in Washington state.
What is the aggregate amount of shares beneficially owned by Tieton Capital Management, LLC?
Tieton Capital Management, LLC beneficially owns an aggregate amount of 621,151 shares of Key Tronic Corporation's common stock as of December 31, 2023.
What percentage of Key Tronic Corporation's common stock does Tieton Capital Management, LLC own?
Tieton Capital Management, LLC owns 5.8% of the class of Key Tronic Corporation's common stock, as stated in Row 11 of the filing.
Does Tieton Capital Management, LLC have sole or shared voting and dispositive power over these shares?
Tieton Capital Management, LLC has shared voting power over 621,151 shares and shared dispositive power over 621,151 shares, with no sole voting or dispositive power, according to Rows 5-8 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding KEY TRONIC CORP (KTCC).