Prescott Group Amends Nam Tai Property Stake, Remains Key Shareholder

TL;DR

**Prescott Group still owns a chunk of Nam Tai Property, keeping an eye on their real estate plays.**

AI Summary

Prescott Group Capital Management, L.L.C. filed an amended Schedule 13G/A on January 31, 2024, updating its beneficial ownership in Nam Tai Property Inc. as of December 31, 2023. This filing indicates that Prescott Group Capital Management, L.L.C. is part of a larger group, including Prescott Group Aggressive Small Cap II, L.P., Prescott Group Aggressive Small Cap Master Fund, G.P., and Prescott Group Aggressive Small Cap, L.P., that collectively holds a significant stake in Nam Tai Property Inc. This matters to investors because it signals that a major institutional investor continues to hold a position, potentially indicating confidence in the company's future, or at least a continued interest in its real estate operations.

Why It Matters

This filing confirms that a significant institutional investor, Prescott Group Capital Management, L.L.C., maintains its position in Nam Tai Property Inc., which could influence market perception and investor confidence in the real estate company.

Risk Assessment

Risk Level: low — This is an amendment to a routine filing, indicating no immediate major changes in ownership or strategy that would pose a high risk.

Analyst Insight

Investors should note that Prescott Group Capital Management, L.L.C. continues to hold a position in Nam Tai Property Inc. and monitor future filings for any significant changes in their ownership percentage or investment intent, which could signal a shift in their outlook on the company's real estate ventures.

Key Players & Entities

• Prescott Group Capital Management, L.L.C. (company) — the reporting person filing the SC 13G/A
• Nam Tai Property Inc. (company) — the issuer whose securities are being reported
• Phil Frohlich (person) — a group member associated with Prescott Group
• Prescott Group Aggressive Small Cap II, L.P. (company) — a group member associated with Prescott Group
• December 31, 2023 (date) — the date of the event requiring the filing

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Shares, $0.01 par value per share (Title of Class of

Filing Documents

• form_sc13ga-namtai.htm (SC 13G/A) — 125KB
• 0001011438-24-000036.txt ( ) — 128KB

(a)

Item 1(a) Name of Issuer. Nam Tai Property Inc. (the "Issuer")

(b)

Item 1(b) Address of Issuer's Principal Executive Offices. Namtai Industrial Estate No. 2 Namtai Road, Gushu Community, Xixiang Township Baoan District, Shenzhen City, Guangdong Province People's Republic of China

(a)

Item 2(a) Name of Person Filing. Prescott Group Capital Management, L.L.C. ("Prescott Capital"), Prescott Group Aggressive Small Cap, L.P. ("Prescott Small Cap"), Prescott Group Aggressive Small Cap II, L.P. ("Prescott Small Cap II" and, together with Prescott Small Cap, the "Small Cap Funds"), Prescott Group Aggressive Small Cap Master Fund, G.P. ("Master Fund") and Mr. Phil Frohlich.

(b)

Item 2(b) Address of Principal Business Office, or, if none, Residence. 1924 South Utica, Suite 1120 Tulsa, Oklahoma 74104

(c)

Item 2(c) Citizenship or Place of Organization. Prescott Capital is an Oklahoma limited liability company. The Small Cap Funds are Oklahoma limited partnerships. The Master Fund is an Oklahoma general partnership. Mr. Phil Frohlich is the principal of Prescott Capital and is a U.S. citizen.

(d)

Item 2(d) Title of Class of Securities. Common Shares, $0.01 par value per share (the "Common Shares").

(e)

Item 2(e) CUSIP Number. G63907102 Item 3 Reporting Person. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), 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) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with 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) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____. Item 4 (a) Each of Prescott Capital, the Small Cap Funds, the Master Fund and Mr. Phil Frohlich are the beneficial owners of 2,617,382 Common Shares as of December 31, 2023. (b) Each of Prescott Capital, the Small Cap Funds, the Master Fund and Mr. Phil Frohlich are the beneficial owners of 4.7% of the outstanding Common Shares. This percentage is determined by dividing 2,617,382 by 55,594,875, the number of Common Shares outstanding as of April 7, 2023, as reported in the Issuer's Form 6-K and the exhibits thereto filed with the Securities and Exchange Commission on April 7, 2023. (c) Prescott Capital, as the general partner and investment manager of the Small Cap Funds, the general

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View this SC 13G/A filing on SEC EDGAR