Neuberger Berman Discloses 831,742 Share Stake in Standex Intl.

TL;DR

**Neuberger Berman just revealed a big stake in Standex International, signaling institutional confidence.**

AI Summary

Neuberger Berman Group LLC, a Delaware-based investment adviser, reported beneficial ownership of 831,742 shares of STANDEX INTERNATIONAL CORP/DE/ common stock as of December 31, 2023. This represents a significant stake, with shared voting power over 821,814 shares and shared dispositive power over all 831,742 shares. This matters to investors because it signals a major institutional investor's confidence in Standex International, potentially indicating a positive outlook on the company's future performance.

Why It Matters

A large institutional investment by Neuberger Berman suggests a vote of confidence in Standex International's prospects, which can positively influence other investors' perceptions and potentially the stock price.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive signal rather than a risk.

Analyst Insight

Investors considering STANDEX INTERNATIONAL CORP/DE/ should view this institutional investment as a positive indicator and potentially research Neuberger Berman's investment thesis for the company.

Key Numbers

• 831,742 — Shares Beneficially Owned (Total shares of STANDEX INTERNATIONAL CORP/DE/ held by Neuberger Berman Group LLC)
• 821,814 — Shared Voting Power (Number of shares over which Neuberger Berman Group LLC has shared voting power)

Key Players & Entities

• Neuberger Berman Group LLC (company) — reporting person and investment adviser
• STANDEX INTERNATIONAL CORP/DE/ (company) — subject company (issuer)
• 831,742 (dollar_amount) — total shares beneficially owned
• December 31, 2023 (date) — date of event requiring filing
• Delaware (company) — place of organization for Neuberger Berman Group LLC

Forward-Looking Statements

• Other institutional investors may increase their positions in STANDEX INTERNATIONAL CORP/DE/ following this disclosure. (STANDEX INTERNATIONAL CORP/DE/) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• formsc13g-02122024_100224.htm (SC 13G) — 52KB
• 0001415889-24-003389.txt ( ) — 54KB

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Neuberger Berman Group LLC and its affiliates may be deemed to be beneficial owners of securities for purposes of Exchange Act Rule 13d-3 because they or certain affiliated persons have shared power to retain, dispose of or vote the securities of unrelated clients. Neuberger Berman Group LLC or its affiliated persons do not, however, have any economic interest in the securities of those clients. The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities. Other than named in this filing, no one client has an interest of more than 5% of the issuer. With regard to the shares set forth under item 4(c)(ii), Neuberger Berman Group LLC may be deemed to be the beneficial owner for purposes of Rule 13d-3 because certain affiliated persons have shared power to retain, dispose of and vote the securities. In addition to the holdings of individual advisory clients, Neuberger Berman Investment Advisers LLC serves as investment manager of Neuberger Berman Group LLC's various registered mutual funds which hold such shares. The holdings belonging to clients of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC are also aggregated to comprise the holdings referenced herein. In addition to the shares set forth under Item 4(c)(ii) for which Neuberger entities also have shared power to dispose of the shares, item 4(c)(iv) also includes shares from individual client accounts over which Neuberger Berman Investment Advisers LLC has shared power to dispose but does not have voting power over these shares. The holdings of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC, are also aggr

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

SIGNATURES 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. Date: February 12, 2024 Neuberger Berman Group LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 12, 2024 Neuberger Berman Investment Advisers LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director

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View this SC 13G filing on SEC EDGAR