Black Creek Investment Management Takes 5.1% Stake in Hain Celestial
Ticker: HAIN · Form: SC 13G · Filed: Feb 13, 2024 · CIK: 910406
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Black Creek just disclosed a 5.1% passive stake in HAIN.**
AI Summary
Black Creek Investment Management Inc. reported owning 5.1% of Hain Celestial Group Inc.'s common stock as of December 31, 2023. This filing, an SC 13G, indicates a passive investment, meaning Black Creek isn't looking to influence company management. For investors, this shows a significant institutional holder has a stake, potentially signaling confidence in the company's long-term prospects, but without any immediate activist intentions.
Why It Matters
A large institutional investor like Black Creek taking a significant, passive stake can be seen as a vote of confidence, potentially attracting other investors and stabilizing the stock.
Risk Assessment
Risk Level: low — This filing indicates a passive investment, posing no immediate risk of disruptive activist actions or significant changes to company control.
Analyst Insight
Investors should note the institutional interest from Black Creek but understand this is a passive stake, not signaling any immediate strategic changes. It's a data point for long-term confidence rather than a short-term catalyst.
Key Numbers
- 5.1% — Ownership Stake (Percentage of Hain Celestial Group Inc. common stock owned by Black Creek Investment Management Inc.)
- December 31, 2023 — Event Date (The date as of which Black Creek Investment Management Inc. held the reported stake in Hain Celestial Group Inc.)
Key Players & Entities
- Black Creek Investment Management Inc. (company) — the reporting person who filed the SC 13G
- Hain Celestial Group Inc. (company) — the subject company whose shares were acquired
- December 31, 2023 (date) — the date of the event requiring the filing
- 5.1% (dollar_amount) — the percentage of common stock owned by Black Creek
Forward-Looking Statements
- Black Creek Investment Management Inc. will maintain a passive investment stance in Hain Celestial Group Inc. (Black Creek Investment Management Inc.) — high confidence, target: Next 12 months
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by Black Creek Investment Management Inc.
What company's shares are the subject of this filing?
The shares of Hain Celestial Group Inc. are the subject of this filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
What is the CUSIP Number for the securities mentioned in this filing?
The CUSIP Number for the Common stock of Hain Celestial Group Inc. is 405217100.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b).
Filing Stats: 897 words · 4 min read · ~3 pages · Grade level 7.8 · Accepted 2024-02-13 10:42:14
Filing Documents
- bc87054hain-13g.htm (SC 13G) — 58KB
- 0001821268-24-000032.txt ( ) — 60KB
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: 320000 (b) Percent of class: 0.36% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 320000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 320000 (iv) Shared power to dispose or to direct the disposition of: 0 Page 3 of 4 ITEM 5. 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. ITEM 6. Not applicable. ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. ITEM 8. Identification and Classification of Members of the Group Not applicable. ITEM 9. Notice of Dissolution of Group Not applicable.
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. 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. Black Creek Investment Management Inc. Date: February 8, 2024 By: /s/ Miriam Lee Chief Compliance Officer Page 4 of 4