Wasatch Advisors LP Discloses 7.9% Stake in Transcat Inc.
Ticker: TRNS · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 99302
| Field | Detail |
|---|---|
| Company | Transcat Inc (TRNS) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investment-adviser, stake-disclosure
TL;DR
**Wasatch Advisors LP just revealed a 7.9% stake in Transcat Inc., signaling institutional confidence.**
AI Summary
Wasatch Advisors LP, an investment adviser, has disclosed a significant ownership stake in Transcat Inc., holding 701,099 shares of common stock, which represents 7.9% of the company's total outstanding shares. This filing, dated February 9, 2024, indicates that Wasatch Advisors LP has sole voting and dispositive power over these shares. This matters to investors because a large institutional holding by a reputable investment firm like Wasatch can signal confidence in Transcat's future prospects and potentially influence its stock price positively.
Why It Matters
A substantial stake by an institutional investor like Wasatch Advisors LP can be seen as a vote of confidence in Transcat Inc., potentially attracting other investors and influencing market perception.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, which generally reduces perceived risk due to increased oversight and potential stability.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating a deeper dive into Transcat Inc.'s fundamentals to understand why a firm like Wasatch Advisors LP has taken such a significant position.
Key Numbers
- 701,099 — Shares Owned (Total common stock shares of Transcat Inc. held by Wasatch Advisors LP.)
- 7.9% — Percent of Class Owned (The percentage of Transcat Inc.'s common stock owned by Wasatch Advisors LP.)
Key Players & Entities
- Wasatch Advisors LP (company) — reporting person and investment adviser
- Transcat Inc. (company) — subject company, issuer of common stock
- 701,099 (dollar_amount) — number of shares owned by Wasatch Advisors LP
- 7.9% (dollar_amount) — percent of class owned by Wasatch Advisors LP
- February 9, 2024 (date) — date as of change and filing date
Forward-Looking Statements
- Transcat Inc. stock may experience increased investor interest due to this significant institutional holding. (Transcat Inc.) — medium confidence, target: next 3-6 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Wasatch Advisors LP, an investment adviser registered under section 203 of the Investment Advisers Act of 1940, with a business address at 505 Wakara Way, Salt Lake City, UT 84108.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Transcat Inc., located at 35 Vantage Point Drive, Rochester, NY 14624.
How many shares of Transcat Inc. common stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns an aggregate amount of 701,099 shares of Transcat Inc. common stock.
What percentage of Transcat Inc.'s common stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 7.9% of the class of Transcat Inc.'s common stock.
Does Wasatch Advisors LP have shared voting or dispositive power over these shares?
No, Wasatch Advisors LP has sole voting power over 701,099 shares and sole dispositive power over 701,099 shares, with 0 shares under shared voting or dispositive power.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 regarding TRANSCAT INC (TRNS).