Kayne Anderson Rudnick Updates FTI Consulting Stake

TL;DR

**Kayne Anderson Rudnick still holds FTI Consulting shares, signaling continued institutional confidence.**

AI Summary

Kayne Anderson Rudnick Investment Management LLC, a California-based investment firm, filed an Amendment No. 4 to its SC 13G/A on February 13, 2024, indicating its ownership of FTI Consulting, Inc. common stock as of December 31, 2023. This filing updates their previous disclosures, showing their continued passive investment in FTI Consulting. This matters to investors because it confirms a significant institutional holder maintains its position, suggesting confidence in FTI Consulting's long-term prospects.

Why It Matters

This filing shows that a major institutional investor, Kayne Anderson Rudnick, continues to hold shares in FTI Consulting, which can be seen as a vote of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive investor, indicating no immediate change in control or significant new risks.

Analyst Insight

An investor should note that a significant institutional holder, Kayne Anderson Rudnick, has maintained its position in FTI Consulting as of December 31, 2023, which could be interpreted as a stable long-term outlook from this investor. However, without specific share count changes, it's difficult to gauge a stronger sentiment.

Key Players & Entities

• Kayne Anderson Rudnick Investment Management LLC (company) — the investment firm filing the SC 13G/A
• FTI Consulting, Inc. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A amendment

FAQ

Filing Documents

• fp0086862-23_sc13ga.htm (SC 13G/A) — 43KB
• 0001398344-24-002787.txt ( ) — 45KB

If this statement is filed pursuant to §§240.13d-1(b)

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J). CUSIP No. 302941109 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,385,629 (b) Percent of class: 9.53% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,334,895 (ii) Shared power to vote or to direct the vote: 694,740 (iii) Sole power to dispose or to direct the disposition of: 2,690,889 (iv) Shared power to dispose or to direct the disposition of: 694,740

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 [ ] . Instruction . Dissolution of a group requires a response to this item. N/A

Ownership of More than Five Percent on Behalf of Another

Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A

Identification and Classification of the Subsidiary Which

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. N/A

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 CUSIP No. 302941109 13G Page 5 of 5 Pages

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. 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. Kayne Anderson Rudnick Investment Management, LLC By: /s/ Michael Shoemaker Name: Michael Shoemaker Title: Chief Compliance Officer Date: February 13, 2024

View Full Filing

View this SC 13G/A filing on SEC EDGAR