SCHEDULE 13G/A: Fund 1 Investments Discloses 12.3% Stake in 1-800-FLOWERS.COM, Inc.
Beneficial Ownership Disclosure (Schedule 13G Amendment)
Fund 1 Investments, LLC has filed an amended Schedule 13G, revealing a 12.3% beneficial ownership stake in 1-800-FLOWERS.COM, Inc.'s Class A Common Stock as of November 30, 2024.
Summary
- Fund 1 Investments, LLC reported beneficial ownership of 4,542,364 shares of 1-800-FLOWERS.COM, Inc. Class A Common Stock.
- This ownership represents 12.3% of the Class A Common Stock outstanding.
- The percentage is calculated based on 36,782,727 shares of Class A Common Stock outstanding as of October 28, 2024, as stated in the Issuer's Quarterly Report on Form 10-Q filed November 1, 2024.
- Fund 1 Investments, LLC, a Delaware entity, serves as managing member of Pleasant Lake Partners LLC, which acts as investment adviser for the private investment vehicles holding these shares.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.
- PLP Funds Master Fund LP, a private investment vehicle advised by Pleasant Lake Partners LLC, has the right to receive dividends or proceeds from more than five percent of the Issuer's Common Stock.
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
This filing reflects a significant institutional investment in a leading e-commerce and gifting company. While the filing itself is a standard regulatory disclosure, a substantial stake by an investment firm like Fund 1 Investments, LLC can signal confidence in the sector or the specific company's long-term prospects, aligning with broader trends of institutional interest in established digital consumer brands.
Stakeholder Impact
- Shareholders: The disclosure of a significant 12.3% stake by an investment firm may be viewed positively by existing shareholders, indicating institutional confidence or interest in the company's stock.
- Management: Awareness of a large institutional holder may influence management's strategic decisions, although the filing states the investment is passive.
Key Dates
| Date | Description |
|---|---|
| 2024-10-28 | Date as of which 36,782,727 shares of Class A Common Stock were outstanding, as reported in the Issuer's 10-Q. |
| 2024-11-01 | Date the Issuer's Quarterly Report on Form 10-Q was filed with the SEC, providing the outstanding share count. |
| 2024-11-30 | Date of event which required the filing of this Schedule 13G statement. |
| 2025-01-16 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
1-800-FLOWERS.COM, Fund 1 Investments, Beneficial Ownership, Schedule 13G, Class A Common Stock, Institutional Investor, Equity Stake, SEC Filing, FLWS
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