SCHEDULE 13G: Rutabaga Capital Management Discloses 5.7% Stake in Ampco Pittsburgh Corp
Beneficial Ownership Disclosure
Rutabaga Capital Management LLC/MA has disclosed a 5.7% beneficial ownership stake in Ampco Pittsburgh Corp, holding 1,143,356 common shares as of September 30, 2024.
Summary
- Rutabaga Capital Management LLC/MA filed a Schedule 13G with the SEC, disclosing its beneficial ownership in Ampco Pittsburgh Corp.
- As of September 30, 2024, Rutabaga Capital Management beneficially owned 1,143,356 shares of Ampco Pittsburgh Corp's common stock.
- This ownership represents 5.7% of the total class of Ampco Pittsburgh Corp's common securities.
- Rutabaga Capital Management is classified as an investment adviser (IA) for the purpose of this filing.
- The filing certifies 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.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a routine disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a significant stake by an institutional investor, acquired in the ordinary course of business.
Positives
- The disclosure of a significant 5.7% stake by Rutabaga Capital Management, an institutional investment adviser, may be interpreted by some investors as a vote of confidence in Ampco Pittsburgh Corp.
Future Outlook
NA
Industry Context
This filing indicates a routine disclosure by an institutional investment adviser, Rutabaga Capital Management, regarding its passive ownership stake in Ampco Pittsburgh Corp. It reflects a standard investment position rather than a strategic industry move or competitive action.
Stakeholder Impact
- Shareholders: The disclosure provides transparency regarding a significant institutional investor's stake, which can be a factor in market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of the event which required the filing of this statement, indicating the calculation date for the ownership stake. |
| 02/26/2025 | Date the Schedule 13G statement was signed by Peter C. Schliemann, Managing Principal of Rutabaga Capital Management LLC/MA. |
Keywords
Ampco Pittsburgh Corp, Rutabaga Capital Management, Schedule 13G, SEC filing, beneficial ownership, institutional investment, common stock, investment adviser
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