Barrow Hanley Discloses 5.7% Stake in Hain Celestial Group
Ticker: HAIN · Form: SC 13G · Filed: Feb 13, 2024 · CIK: 910406
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Barrow Hanley just revealed a 5.7% stake in Hain Celestial, signaling institutional confidence.**
AI Summary
Barrow Hanley Mewhinney & Strauss LLC, an investment advisor, reported owning 5,027,344 shares of Hain Celestial Group Inc. common stock as of December 31, 2023. This represents 5.7% of the company's outstanding shares, triggering an SC 13G filing. This matters to investors because it signals a significant institutional investment in Hain Celestial, potentially indicating confidence in the company's future performance and stability.
Why It Matters
A major institutional investor, Barrow Hanley Mewhinney & Strauss LLC, has taken a significant position in Hain Celestial, which can be seen as a vote of confidence in the company's prospects.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by an institutional investor, which generally carries a low risk of immediate negative impact on the stock.
Analyst Insight
A smart investor would view this as a positive signal, indicating that a professional investment firm sees value in Hain Celestial. It might prompt further research into Hain Celestial's fundamentals and recent performance.
Key Numbers
- 5,027,344 — Shares Owned (Total number of common stock shares of Hain Celestial Group Inc. beneficially owned by Barrow Hanley Mewhinney & Strauss LLC.)
- 5.7% — Percentage of Class (The percentage of Hain Celestial Group Inc.'s common stock outstanding owned by Barrow Hanley Mewhinney & Strauss LLC.)
Key Players & Entities
- Barrow Hanley Mewhinney & Strauss LLC (company) — the investment advisor filing the SC 13G
- Hain Celestial Group Inc. (company) — the subject company whose shares were acquired
- 5,027,344 (dollar_amount) — number of shares of common stock beneficially owned
- 5.7% (dollar_amount) — percentage of class outstanding owned by Barrow Hanley
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- Other institutional investors may review Hain Celestial Group Inc. as a potential investment opportunity. (Hain Celestial Group Inc.) — medium confidence, target: Next 6-12 months
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by Barrow Hanley Mewhinney & Strauss LLC, an investment advisor located at 2200 Ross Avenue, 31st Floor, Dallas, TX 75201-2761.
What company's shares are the subject of this filing?
The subject company for this filing is Hain Celestial Group Inc., with its business address at 221 River Street, 12th Floor, Hoboken, NJ 07030.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
How many shares of Hain Celestial Group Inc. common stock does Barrow Hanley Mewhinney & Strauss LLC beneficially own?
Barrow Hanley Mewhinney & Strauss LLC beneficially owns 5,027,344 shares of Hain Celestial Group Inc. common stock.
What percentage of Hain Celestial Group Inc.'s outstanding common stock does Barrow Hanley Mewhinney & Strauss LLC own?
Barrow Hanley Mewhinney & Strauss LLC owns 5.7% of the outstanding common stock of Hain Celestial Group Inc.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 9.2 · Accepted 2024-02-13 11:47:40
Filing Documents
- hain13g02132024.htm (SC 13G) — 50KB
- 0000313028-24-000012.txt ( ) — 52KB
(a)
Item 1(a) Name of Issuer: Hain Celestial Group Inc/The 1(b) Address of Issuer's Principal Executive Offices: 221 RIVER STREET, 12TH FLOOR HOBOKEN, NJ 07030
(a)
Item 2(a) Name of Person Filing: Barrow Hanley Global Investors 2(b) Address of Principal Business Office or, if none, Residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201-2761 2(c) Citizenship: A Delaware limited liability company 2(d) Title of Class of Securities Common Stock 2(e) CUSIP Number: 405217100 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) 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)(ii)(G); (h) A savings association 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 a accordance with 240.13d-1(b)(1)(ii)(J). 3 Item 4 4(a) Amount beneficially owned: 5,682,930 shares 4(b) Percent of Class: 6.33% 4(c) Number of shares as to which person has: (i) Sole power to vote or to direct the vote: 5,644,248 shares (ii) Shared power to vote or to direct the vote: 38,682 shares (iii) Sole power to dispose or to direct the disposition of: 5,682,930 shares (iv) Shared power to dispose or to direct the disposition of: — Item 5 Not Applicable. Item 6 The right to receive or the power to direct