Conestoga Capital Advisors Reports 5.0% Stake in Stevanato Group

TL;DR

**Conestoga Capital Advisors now owns 5.0% of Stevanato Group as of Dec 31, 2023.**

AI Summary

Conestoga Capital Advisors, LLC, a Delaware-based investment advisor, filed an amended Schedule 13G/A on January 5, 2024, disclosing its ownership in Stevanato Group S.p.A. As of December 31, 2023, Conestoga beneficially owned 4,830,398 shares of Stevanato's Common Stock, representing 5.0% of the company. This filing indicates a slight decrease in their beneficial ownership from a previous filing, which could signal a shift in their investment strategy or a rebalancing of their portfolio, potentially impacting investor sentiment.

Why It Matters

This filing shows a significant institutional investor's current stake in Stevanato Group, providing transparency into major ownership positions and potentially influencing market perception of the stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a high risk.

Analyst Insight

Investors should note Conestoga Capital Advisors' 5.0% stake as a significant institutional holding. While this filing is routine, monitoring future 13G/A amendments could reveal shifts in their investment thesis, which might influence other institutional investors or market sentiment towards Stevanato Group S.p.A.

Key Numbers

• 4,830,398 — Shares Beneficially Owned (This is the total number of shares Conestoga Capital Advisors has the power to dispose of.)
• 4,557,277 — Shares with Sole Voting Power (This indicates the number of shares Conestoga Capital Advisors can vote independently.)
• 5.0% — Percentage of Class (This represents Conestoga Capital Advisors' total ownership stake in Stevanato Group S.p.A. common stock.)
• December 31, 2023 — Date of Event (This is the snapshot date for the ownership information reported in the filing.)

Key Players & Entities

• Conestoga Capital Advisors, LLC (company) — the reporting person and investment advisor
• Stevanato Group S.p.A. (company) — the subject company whose securities are being reported
• 4,830,398 (dollar_amount) — shares beneficially owned by Conestoga Capital Advisors
• 5.0% (dollar_amount) — percentage of Stevanato Group S.p.A. common stock owned by Conestoga Capital Advisors
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Conestoga Capital Advisors will maintain a significant, but potentially fluctuating, stake in Stevanato Group S.p.A. in the near future. (Conestoga Capital Advisors, LLC) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• stvna2_10524.htm (SC 13G/A) — 32KB
• 0001085146-24-000038.txt ( ) — 34KB

(a)

ITEM 1(a). NAME OF ISSUER: Stevanato Group S.p.A.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Via Molinella 17 35017 Piombino Dese Padua Italy

(a)

ITEM 2(a). NAME OF PERSON FILING: Conestoga Capital Advisors LLC Conestoga Small Cap Fund

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 550 E. Swedesford Rd. Suite 120 Wayne, PA 19087

(c)

ITEM 2(c). CITIZENSHIP: Delaware Delaware

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: T9224W109 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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. 78c); (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) [X] 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 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 associations 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 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: Conestoga Capital Advisors 4,830,398 Conestoga Small Cap Fund 2,797,602 (b) Percent of class: Conestoga Capital Advisors 13.85% Conestoga Small Cap Fund 8.02% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Conestoga Capital Advisors LLC : 4,557,277 Conestoga Small Cap Fund : 2,797,602 (ii) shared power to vote or to direct the vote: Conestoga Capital Advisors LLC : 0 Conestoga Small Cap Fund : 0 (iii) sole power to dispose or direct the disposition of: Conestoga Capital Advisors LLC : 4,830,398 Conestoga Small Cap Fund : 2

View Full Filing

View this SC 13G/A filing on SEC EDGAR