Tieton Capital Management Holds 6.5% Stake in Orion Energy Systems
Ticker: OESX · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 1409375
| Field | Detail |
|---|---|
| Company | Orion Energy Systems, Inc. (OESX) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Tieton Capital Management still owns 6.5% of Orion Energy Systems, signaling continued institutional interest.**
AI Summary
Tieton Capital Management, LLC, an investment advisor based in Washington, filed an amended Schedule 13G/A on February 1, 2024, disclosing its beneficial ownership in Orion Energy Systems, Inc. As of December 31, 2023, Tieton Capital Management holds 2,126,164 shares of Orion Energy Systems' common stock, representing 6.5% of the company's outstanding shares. This filing indicates a significant, but not controlling, stake held by an institutional investor, which could signal confidence in the company's future to current and prospective shareholders.
Why It Matters
This filing shows a notable institutional investor, Tieton Capital Management, maintains a significant stake in Orion Energy Systems, which can be interpreted as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable, non-controlling institutional ownership, which generally presents low risk to existing shareholders.
Analyst Insight
Investors should note that a significant institutional investor maintains a stake in Orion Energy Systems, which could be a positive signal, but should also research the company's fundamentals and other market factors before making investment decisions.
Key Numbers
- 2,126,164 — Shares Beneficially Owned (Represents the total number of common stock shares of Orion Energy Systems held by Tieton Capital Management.)
- 6.5% — Percent of Class (Indicates the proportion of Orion Energy Systems' common stock owned by Tieton Capital Management.)
- 0001381954-24-000002 — Accession Number (Unique identifier for this specific SEC filing.)
Key Players & Entities
- Tieton Capital Management, LLC (company) — the reporting person and investment advisor
- Orion Energy Systems, Inc. (company) — the issuer of the securities
- Washington (place) — place of organization for Tieton Capital Management
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Tieton Capital Management will maintain a significant, non-controlling stake in Orion Energy Systems for the foreseeable future. (Tieton Capital Management, LLC) — medium confidence, target: December 31, 2024
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 1) to a Schedule 13G, filed by Tieton Capital Management, LLC, to update its beneficial ownership in Orion Energy Systems, Inc. as of December 31, 2023, under Rule 13d-1(b).
Who is the reporting person in this filing and what is their organizational structure?
The reporting person is Tieton Capital Management, LLC, an entity organized in Washington, with IRS Identification No. 20-2956186. The 'IA' in Item 12 indicates they are an Investment Adviser.
How many shares of Orion Energy Systems, Inc. does Tieton Capital Management beneficially own, and what percentage of the class does this represent?
Tieton Capital Management beneficially owns 2,126,164 shares of Orion Energy Systems' common stock, which represents 6.5% of the class, as stated in rows 9 and 11 of the filing.
What type of voting and dispositive power does Tieton Capital Management have over these shares?
Tieton Capital Management has shared voting power over 2,126,164 shares and shared dispositive power over 2,126,164 shares, with no sole voting or dispositive power, as detailed in rows 5-8 of the filing.
When was the event that required this filing, and when was the filing made?
The date of the event which required the filing of this statement was December 31, 2023, and the filing itself was made on February 1, 2024, as indicated by the 'Date of Event Which Requires Filing of this Statement' and 'FILED AS OF DATE' in the header.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding ORION ENERGY SYSTEMS, INC. (OESX).