Conestoga Capital Advisors Amends Transcat (TRNS) Stake

TL;DR

**Conestoga Capital Advisors still holds TRNS, signaling continued institutional interest.**

AI Summary

Conestoga Capital Advisors, LLC, a Delaware-based investment advisor, filed an amended SC 13G/A on January 5, 2024, indicating their beneficial ownership in Transcat, Inc. (TRNS) as of December 31, 2023. This filing, Amendment No. 2, updates their previous disclosures regarding their holdings of Transcat's common stock, par value $0.50 per share. This matters to investors because it shows a significant institutional investor continues to hold a position in Transcat, potentially signaling confidence in the company's future.

Why It Matters

This filing confirms that a notable institutional investor, Conestoga Capital Advisors, maintains a position in Transcat, which can be interpreted as a vote of confidence in the company's performance and outlook.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any significant change in company fundamentals or immediate risk.

Analyst Insight

Investors should note that a significant institutional investor, Conestoga Capital Advisors, continues to hold a position in Transcat, Inc. This filing doesn't provide specific share counts, but its existence suggests ongoing institutional interest. Smart investors might look for the full details of the share count in the complete filing to understand the magnitude of their stake and any changes from previous reports.

Key Players & Entities

• Conestoga Capital Advisors, LLC (company) — the institutional investor filing the SC 13G/A
• Transcat, Inc. (company) — the subject company whose securities are being reported
• Delaware (company) — state of incorporation for Conestoga Capital Advisors, LLC
• $0.50 (dollar_amount) — par value per share of Transcat's common stock
• December 31, 2023 (date) — date of the event requiring the filing

FAQ

Key Financial Figures

• $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securitie

Filing Documents

• trnsa2_10524.htm (SC 13G/A) — 32KB
• 0001085146-24-000039.txt ( ) — 34KB

(a)

ITEM 1(a). NAME OF ISSUER: TRANSCAT, INC.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 35 Vantage Point Drive Rochester, NY 14624

(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, par value $0.50 per share

(e)

ITEM 2(e). CUSIP NUMBER: 893529107 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 814,749 Conestoga Small Cap Fund 531,499 (b) Percent of class: Conestoga Capital Advisors 9.23% Conestoga Small Cap Fund 6.02% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Conestoga Capital Advisors LLC : 762,861 Conestoga Small Cap Fund : 531,499 (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 : 814,749 Conestoga Small Cap Fund : 531,499 (i

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View this SC 13G/A filing on SEC EDGAR