SCHEDULE 13G/A: Elgethun Capital Management Discloses 7.0% Stake in Crimson Wine Group
Beneficial Ownership Report
Elgethun Capital Management has filed an amended Schedule 13G, reporting a 7.0% beneficial ownership stake in Crimson Wine Group, Ltd. as of December 31, 2024.
Summary
- Elgethun Capital Management, an investment adviser based in Sioux Falls, South Dakota, has filed an Amendment No. 1 to Schedule 13G.
- The filing reports beneficial ownership of 1,469,364 shares of Common Stock in Crimson Wine Group, Ltd. (CUSIP: 22662X100).
- This aggregate amount represents 7.0% of the class of securities.
- Elgethun Capital Management holds sole voting power over 1,456,640 shares and sole dispositive power over 1,469,364 shares.
- The shares are owned by investment advisory clients of Elgethun Capital Management, with no single client owning more than 5% of the class.
- 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 control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates a significant passive investment by an investment adviser in Crimson Wine Group, Ltd. Such filings provide transparency into institutional ownership, which can be a signal of investor confidence or interest in a company within the wine and spirits industry. It reflects a standard disclosure requirement for investors acquiring more than 5% of a company's stock, particularly for those who do not intend to influence control.
Stakeholder Impact
- Shareholders: Increased transparency regarding institutional ownership, potentially signaling investor interest or confidence in Crimson Wine Group, Ltd.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 02/07/2025 | Date the Schedule 13G Amendment No. 1 was signed by John A. Barker, President of Elgethun Capital Management. |
Keywords
Beneficial Ownership, Schedule 13G, SEC Filing, Investment Adviser, Crimson Wine Group, Elgethun Capital Management, Common Stock, Institutional Ownership
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