FMR LLC & Abigail Johnson Maintain 8.954% Stake in Camden National
Ticker: CAC · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC and Abigail Johnson still own 8.954% of Camden National Corp, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Camden National Corp. As of February 9, 2024, they collectively beneficially own 1,303,542 shares of common stock, representing 8.954% of the company. This filing, an amendment to a previous Schedule 13G, indicates a significant, but not controlling, passive investment, which matters to investors as it signals continued confidence from a large institutional holder in Camden National Corp's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a substantial, passive stake in Camden National Corp, signaling their ongoing confidence in the company.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive investment filing, indicating no immediate change in investment strategy or significant risk.
Analyst Insight
Investors should note the continued significant, but passive, institutional ownership by FMR LLC, which can be a sign of long-term stability, but this filing alone doesn't suggest any immediate catalysts for price movement.
Key Numbers
- 1,303,542 — Shares Beneficially Owned (Total common stock shares of Camden National Corp owned by FMR LLC and Abigail P. Johnson.)
- 8.954% — Percent of Class (The percentage of Camden National Corp's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- CAMDEN NATIONAL CORP (company) — the issuer of the securities
- 1,303,542 (dollar_amount) — number of shares beneficially owned
- 8.954% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will likely maintain its passive investment in Camden National Corp at a similar level for the foreseeable future. (FMR LLC) — high confidence, target: 12-2024
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of their respective sections on the cover page.
What is the total number of shares of CAMDEN NATIONAL CORP common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 1,303,542 shares of CAMDEN NATIONAL CORP common stock, as indicated in Item 7 for FMR LLC and Item 7 for Abigail P. Johnson on the cover page, and Item 4(a) for FMR LLC.
What percentage of CAMDEN NATIONAL CORP's common stock do the reporting persons collectively own?
The reporting persons collectively own 8.954% of CAMDEN NATIONAL CORP's common stock, as stated in Item 11 for both FMR LLC and Abigail P. Johnson on the cover page, and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
What is the CUSIP number for CAMDEN NATIONAL CORP common stock?
The CUSIP number for CAMDEN NATIONAL CORP common stock is 133034108, as listed on the first page and in Item 2(e).
From the Filing
EDGAR Filing Documents for 0000315066-24-001099 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-001099 Filing Date 2024-02-09 Accepted 2024-02-09 08:50:19 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6411 Complete submission text file 0000315066-24-001099.txt 8005 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 Mailing Address 2 ELM ST CAMDEN ME 04843 Business Address TWO ELM ST CAMDEN ME 04843 2072368821 CAMDEN NATIONAL CORP (Subject) CIK : 0000750686 (see all company filings) EIN. : 010413282 | State of Incorp.: ME | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-58581 | Film No.: 24611491 SIC : 6021 National Commercial Banks (CF Office: 02 Finance)