Wasatch Advisors LP Maintains 6.1% Stake in Ollie's Bargain Outlet
Ticker: OLLI · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, amendment, stake-holding
TL;DR
**Wasatch Advisors LP still owns 6.1% of Ollie's, signaling bullish sentiment.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an SC 13G/A on February 9, 2024, indicating they now beneficially own 3,761,480 shares of Ollie's Bargain Outlet Holdings, Inc. common stock, representing 6.1% of the company's outstanding shares. This is an amendment, suggesting a change in their previous holdings. This matters to investors because a significant institutional investor like Wasatch maintaining a 6.1% stake signals continued confidence in Ollie's Bargain Outlet, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
This filing shows a major institutional investor, Wasatch Advisors LP, continues to hold a significant portion of Ollie's Bargain Outlet, which can be seen as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
A smart investor would view Wasatch Advisors LP's continued 6.1% ownership as a positive signal, suggesting institutional confidence in Ollie's Bargain Outlet, and might consider further research into the company's fundamentals.
Key Numbers
- 3,761,480 — Shares Owned (Represents the total number of common stock shares of Ollie's Bargain Outlet Holdings, Inc. beneficially owned by Wasatch Advisors LP.)
- 6.1% — Percent of Class Owned (Indicates the significant stake Wasatch Advisors LP holds in Ollie's Bargain Outlet Holdings, Inc., showing their conviction.)
Key Players & Entities
- Wasatch Advisors LP (company) — the investment adviser filing the SC 13G/A
- Ollie's Bargain Outlet Holdings, Inc. (company) — the issuer of the common stock
- 3,761,480 (dollar_amount) — number of shares beneficially owned by Wasatch Advisors LP
- 6.1% (dollar_amount) — percentage of class owned by Wasatch Advisors LP
- February 9, 2024 (date) — date the SC 13G/A was filed
Forward-Looking Statements
- Wasatch Advisors LP will maintain a significant stake in Ollie's Bargain Outlet Holdings, Inc. for the foreseeable future. (Wasatch Advisors LP) — medium confidence, target: 2025-02-09
FAQ
What is the purpose of this SC 13G/A filing by Wasatch Advisors LP?
The SC 13G/A filing by Wasatch Advisors LP is an amendment to a previous Schedule 13G, indicating a change in their beneficial ownership of Ollie's Bargain Outlet Holdings, Inc. common stock, as required by SEC regulations for institutional investors holding more than 5%.
How many shares of Ollie's Bargain Outlet Holdings, Inc. does Wasatch Advisors LP beneficially own according to this filing?
According to Item 9 and Item 4(a) of the filing, Wasatch Advisors LP beneficially owns an aggregate amount of 3,761,480 shares of Ollie's Bargain Outlet Holdings, Inc. common stock.
What percentage of Ollie's Bargain Outlet Holdings, Inc.'s common stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 6.1% of the class of common stock of Ollie's Bargain Outlet Holdings, Inc., as stated in Item 11 and Item 4(b) of the filing.
What type of voting and dispositive power does Wasatch Advisors LP have over these shares?
Wasatch Advisors LP has sole voting power over 3,761,480 shares and sole dispositive power over 3,761,480 shares, with zero shared voting or dispositive power, as detailed in Items 5-8 and Item 4(c) of the filing.
When was this amendment (SC 13G/A) filed?
This amendment was filed on February 9, 2024, as indicated by the 'FILED AS OF DATE' and 'DATE AS OF CHANGE' in the filing header.
From the Filing
EDGAR Filing Documents for 0000814133-24-000039 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. 0000814133-24-000039 Filing Date 2024-02-09 Accepted 2024-02-09 13:59:17 Documents 1 Document Format Files Seq Description Document Type Size 1 olli224.txt SC 13G/A 2501 Complete submission text file 0000814133-24-000039.txt 4191 Mailing Address 505 WAKARA WAY 3RD FLOOR SALT LAKE CITY UT 84108 Business Address 505 WAKARA WAY 3RD FLOOR SALT LAKE CITY UT 84108 8015330777 WASATCH ADVISORS LP (Filed by) CIK : 0000814133 (see all company filings) EIN. : 870319391 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A Mailing Address 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG PA 17112 Business Address 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG PA 17112 717 657-2300 Ollies Bargain Outlet Holdings, Inc. (Subject) CIK : 0001639300 (see all company filings) EIN. : 800848819 | State of Incorp.: DE | Fiscal Year End: 0203 Type: SC 13G/A | Act: 34 | File No.: 005-89323 | Film No.: 24613880 SIC : 5331 Retail-Variety Stores (CF Office: 07 Trade & Services)