Wasatch Advisors LP Sells All Lovesac Shares, Now Owns 0%

TL;DR

**Wasatch Advisors LP dumped all its Lovesac stock, now holding 0%.**

AI Summary

Wasatch Advisors LP, an investment adviser, filed an amended SC 13G/A on February 9, 2024, indicating they no longer own any shares of Lovesac Company common stock. This filing shows a complete divestment, as their ownership percentage has dropped to 0% from a previously held position. This matters to investors because a significant institutional investor has exited their position, which could signal a loss of confidence or a reallocation of funds away from Lovesac.

Why It Matters

This signals that a major institutional investor, Wasatch Advisors LP, has completely exited its position in Lovesac Company, potentially indicating a bearish outlook or a strategic portfolio shift.

Risk Assessment

Risk Level: medium — The complete divestment by an institutional investor like Wasatch Advisors LP could indicate underlying concerns about Lovesac's future performance, posing a medium risk to current shareholders.

Analyst Insight

Investors should investigate the reasons behind Wasatch Advisors LP's complete divestment from Lovesac Company, potentially reviewing Lovesac's recent financial performance and future outlook before making investment decisions.

Key Numbers

• 0% — Percent of Class Owned (Wasatch Advisors LP's current ownership of Lovesac Company common stock)
• 0 — Aggregate Amount Owned (The total number of Lovesac shares owned by Wasatch Advisors LP)

Key Players & Entities

• Wasatch Advisors LP (company) — the investment adviser filing the SC 13G/A
• Lovesac Company (company) — the issuer of the common stock
• 0% (dollar_amount) — the current percentage of class owned by Wasatch Advisors LP
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Lovesac Company's stock price may experience downward pressure due to the institutional divestment. (Lovesac Company) — medium confidence, target: 3 months

FAQ

From the Filing

0000814133-24-000061.txt : 20240209 0000814133-24-000061.hdr.sgml : 20240209 20240209162741 ACCESSION NUMBER: 0000814133-24-000061 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Lovesac Co CENTRAL INDEX KEY: 0001701758 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 320514958 STATE OF INCORPORATION: DE FISCAL YEAR END: 0204 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90554 FILM NUMBER: 24615440 BUSINESS ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-817-2279 MAIL ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WASATCH ADVISORS LP CENTRAL INDEX KEY: 0000814133 ORGANIZATION NAME: IRS NUMBER: 870319391 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 505 WAKARA WAY STREET 2: 3RD FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 BUSINESS PHONE: 8015330777 MAIL ADDRESS: STREET 1: 505 WAKARA WAY STREET 2: 3RD FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 FORMER COMPANY: FORMER CONFORMED NAME: WASATCH ADVISORS INC DATE OF NAME CHANGE: 19990611 SC 13G/A 1 love224.txt SCHEDULE 13G Amendment No. 2 Name of Issuer: Lovesac Company Title of Class of Securities: Common Stock CUSIP Number: 54738L109 Item 1: Reporting Person: Wasatch Advisors LP 87-0319391 Item 2: Check Box If Member of Group: Not Applicable Item 3: SEC Use Item 4: Place of Organization: Utah Items 5-8: Number of Shares Owned With: Item 5: Sole Voting Power: 0 Item 6: Shared Voting Power: 0 Item 7: Sole Dispositive Power: 0 Item 8: Shared Dispositive Power: 0 Item 9: Aggregate Amount Owned: 0 Item 10: Check Box If Aggregate Amount Excludes Certain Shares: N/A Item 11: Percent of Class Owned: 0% Item 12: Type of Reporting Person: IA Item 1(a): Name of Issuer: Lovesac Company Item l(b): Address of Issuer: Two Landmark Square, Ste 300, Stamford, CT 06901 Item 2(a): Name of Person Filing: Wasatch Advisors LP Item 2(b): Address: 505 Wakara Way, Salt Lake City, UT 84108 Item 2(c): Citizenship: Not Applicable Item 2(d): Title of Class of Securities: Common Stock Item 2(e): CUSIP Number: 54738L109 Item 3(e): Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 Item 4(a): Amount Owned: 0 Item 4(b): Percent of Class Owned: 0% Item 4(c)(i): Sole Voting Power: 0 Item 4(c)(ii): Shared Voting Power: 0 Item 4(c)(iii): Sole Dispositive Power: 0 Item 4(c)(iv): Shared Dispositive Power: 0 Item 5: Check Box If Ownership Is 5% or Less of Class: [X] Item 6. Ownership of More Than 5% on Behalf of Another Person: N/A Item 7: Identification of Subsidiary: Not Applicable Item 8: Identification of Members of Group: Not Applicable Item 9: Notice of Dissolution of Group: Not Applicable Item 10: Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of December 31, 2023. Date: 02/09/24 Signature: /s/JB Taylor Name/Title: JB Taylor/CEO