Torch BRC Cuts Regis Corp Stake to 75,889 Shares

Ticker: RGS · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, stake-reduction, amendment, investor-sentiment

TL;DR

**Torch BRC just cut its Regis Corp stake to 75,889 shares, watch for potential bearish sentiment.**

AI Summary

Torch BRC, LP, a Delaware-based entity, filed an amended SC 13G/A on February 13, 2024, indicating a change in their beneficial ownership of Regis Corporation's common stock as of December 31, 2023. They now report shared voting power over 75,889 shares, a decrease from their previous filing. This matters to investors because it shows a significant institutional investor has reduced their influence and stake in Regis Corp, potentially signaling a shift in their investment strategy or outlook on the company's future.

Why It Matters

A reduction in shares held by an institutional investor like Torch BRC, LP can signal a loss of confidence or a strategic reallocation of capital, which could influence other investors' perceptions of Regis Corporation.

Risk Assessment

Risk Level: medium — The reduction in shares by an institutional investor could indicate a perceived increase in risk or a less favorable outlook for Regis Corp, posing a moderate risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind Torch BRC, LP's reduction in their Regis Corporation stake and consider if this signals underlying issues or a change in market sentiment before making any investment decisions.

Key Numbers

75,889 — Shared Voting Power Shares (The number of shares of Regis Corporation common stock Torch BRC, LP now has shared voting power over, as of December 31, 2023.)
$0.05 — Par Value per Share (The par value of Regis Corporation's Common Stock.)
758932206 — CUSIP Number (The unique identification number for Regis Corporation's Common Stock.)
20240213 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
20231231 — Event Date (The date of the event which required the filing of this statement, indicating the snapshot of ownership.)

Key Players & Entities

Torch BRC, LP (company) — the reporting person who filed the SC 13G/A
Regis Corporation (company) — the issuer of the common stock
Delaware (company) — place of organization for Torch BRC, LP
James Grosfeld (person) — a group member associated with the filing
Springhill Investments LLC (company) — a group member associated with the filing

Forward-Looking Statements

Regis Corporation's stock price may experience downward pressure due to the reduced institutional stake. (Regis Corporation) — medium confidence, target: Q1 2024
Other institutional investors might re-evaluate their positions in Regis Corporation following Torch BRC's reduction. (Institutional Investors) — low confidence, target: Q2 2024

FAQ

What is the primary purpose of this SC 13G/A filing by Torch BRC, LP?

The primary purpose of this SC 13G/A filing is to amend a previous Schedule 13G, indicating a change in beneficial ownership of Regis Corporation's common stock by Torch BRC, LP as of December 31, 2023.

How many shares of Regis Corporation common stock does Torch BRC, LP now have shared voting power over?

Torch BRC, LP now has shared voting power over 75,889 shares of Regis Corporation's common stock, as stated in the filing under 'SHARED VOTING POWER: 75,889'.

What is the citizenship or place of organization for Torch BRC, LP?

Torch BRC, LP's citizenship or place of organization is Delaware, as indicated in the filing under 'CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware'.

What is the CUSIP number for Regis Corporation's common stock mentioned in the filing?

The CUSIP number for Regis Corporation's common stock is 758932206, as specified in the filing.

Who are the group members listed in the filing associated with the reporting entity?

The group members listed are JAMES GROSFELD, JAMES GROSFELD TRUST UNDER AGREEMENT DATED DECEMBER 16, 1988, AS AMENDED, and SPRINGHILL INVESTMENTS LLC.

From the Filing

0001104659-24-018562.txt : 20240213 0001104659-24-018562.hdr.sgml : 20240213 20240213100948 ACCESSION NUMBER: 0001104659-24-018562 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 GROUP MEMBERS: JAMES GROSFELD GROUP MEMBERS: JAMES GROSFELD TRUST UNDER AGREEMENT DATED DECEMBER 16, 1988, AS AMENDED GROUP MEMBERS: SPRINGHILL INVESTMENTS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REGIS CORP CENTRAL INDEX KEY: 0000716643 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 410749934 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42627 FILM NUMBER: 24623139 BUSINESS ADDRESS: STREET 1: 3701 WAYZATA BLVD STREET 2: SUITE 500 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 9529477777 MAIL ADDRESS: STREET 1: 3701 WAYZATA BLVD STREET 2: SUITE 500 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Torch BRC, LP CENTRAL INDEX KEY: 0001541527 ORGANIZATION NAME: IRS NUMBER: 454105409 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 405 LEXINGTON AVENUE, SUITE 839 STREET 2: SUITE 2215 CITY: NEW YORK STATE: NY ZIP: 10174 BUSINESS PHONE: 2124331984 MAIL ADDRESS: STREET 1: 405 LEXINGTON AVENUE, SUITE 839 STREET 2: SUITE 2215 CITY: NEW YORK STATE: NY ZIP: 10174 SC 13G/A 1 tm245973d1_sc13ga.htm SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Regis Corporation (Name of Issuer) Common Stock, $0.05 par value (Title of Class of Securities) 758932206 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ¨ Rule 13d-1(b) x Rule 13d-1(c) ¨  Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 758932206 1 NAME OF REPORTING PERSON: Torch BRC, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ¨ (b) ¨ 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER:  0 6 SHARED VOTING POWER:  75,889 7 SOLE DISPOSITIVE POWER:  0 8 SHARED DISPOSITIVE POWER:  75,889 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:  75,889* 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: ¨ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.3% (See Item 4 herein) 12 TYPE OF REPORTING PERSON: PN * The number of shares held by the reporting persons has been adjusted to reflect a twenty-for-one reverse stock split implemented by the issuer on November 29, 2023. 2 1 NAME OF REPORTING PERSON: Springhill Investments LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ¨ (b) ¨ 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER:  0 6 SHARED VOTING POWER:  75,889 7 SOLE DISPOSITIVE POWER:  0 8 SHARED DISPOSITIVE POWER:  75,889 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPOR