Private Capital Management Amends Target Hospitality Stake
Ticker: TH · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1712189
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Private Capital Management still owns Target Hospitality stock, showing long-term confidence.**
AI Summary
Private Capital Management, LLC, a Delaware-based investment firm, filed an amended Schedule 13G/A on February 5, 2024, indicating its ownership of Target Hospitality Corp. common stock as of December 31, 2023. This amendment, their second, confirms their continued significant stake in the company. This matters to investors because it shows a professional investment firm maintains a long-term, passive interest in Target Hospitality, which can be a sign of confidence in the company's stability and future prospects.
Why It Matters
This filing confirms a major institutional investor, Private Capital Management, LLC, continues to hold a significant, passive stake in Target Hospitality Corp., signaling ongoing confidence in the company.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a passive stake and not signaling any immediate negative or positive catalysts.
Analyst Insight
Investors should note that Private Capital Management, LLC maintains a passive, long-term position in Target Hospitality Corp. This suggests stability from a major institutional holder but doesn't indicate any immediate catalysts for price movement. It's a data point for assessing institutional confidence.
Key Players & Entities
- Private Capital Management, LLC (company) — the reporting person and institutional investor
- Target Hospitality Corp. (company) — the issuer of the securities
- Delaware (company) — place of organization for Private Capital Management, LLC
- December 31, 2023 (date) — date of event requiring the filing
- February 5, 2024 (date) — date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated on the cover page.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is Private Capital Management, LLC, as identified in Item 1 of the cover page and the 'FILED BY' section.
What is the 'Subject Company' or 'Issuer' of the securities?
The 'Subject Company' or 'Issuer' is Target Hospitality Corp., as stated in the 'SUBJECT COMPANY' data and on the cover page.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was December 31, 2023, as indicated on the cover page of the filing.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page.
Filing Stats: 974 words · 4 min read · ~3 pages · Grade level 9.4 · Accepted 2024-02-05 16:22:56
Filing Documents
- th25240sc13ga2.htm (SC 13G/A) — 39KB
- 0001214659-24-001936.txt ( ) — 41KB
(a)
Item 1(a). Name of Issuer: Target Hospitality Corp.
(b)
Item 1(b). Address of Issuer’s Principal Executive Offices: 9320 Lakeside Boulevard, Suite 300, The Woodlands, TX 77381
(a)
Item 2(a). Name of Person Filing: Private Capital Management, LLC
(b)
Item 2(b). Address of Principal Business Office or, if none, Residence: 8889 Pelican Bay Boulevard, Suite 500, Naples, Florida 34108
(c)
Item 2(c). Citizenship: USA
(d)
Item 2(d). Title of Class of Securities: Common Stock
(e)
Item 2(e). CUSIP Number: 87615L107 Page 3 of 6 pages Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) x Investment company registered under Section 8 of the Investment Company Act of 1940; (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o 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; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned**: 5,933,303 (b) Percent of Class: 5.84% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 2,302,082 (ii) shared power to vote or to direct the vote*: 3,631,221 (iii) sole power to dispose or to direct the disposition of: 2,302,082 (iv) shared power to dispose or to direct the disposition of: 3,631,221 Page 4 of 6 pages Item 5. If this statement is being filed to report the fact that as of the date he