SCHEDULE 13G/A: Conestoga Capital Advisors and Funds Maintain Significant Stake in Digi International Inc., Filing Amended 13G
Beneficial Ownership Report
Conestoga Capital Advisors and CONESTOGA FUNDS have filed an Amendment No. 2 to their Schedule 13G, disclosing their beneficial ownership in Digi International Inc. as of December 31, 2024.
Summary
- Conestoga Capital Advisors beneficially owns 3,859,786 shares of Digi International Inc. Common Stock, representing 10.55% of the class.
- Conestoga Capital Advisors holds sole voting power over 3,584,141 shares and sole dispositive power over 3,859,786 shares.
- CONESTOGA FUNDS beneficially owns 2,546,606 shares of Digi International Inc. Common Stock, representing 6.96% of the class.
- CONESTOGA FUNDS holds sole voting power over 2,546,606 shares and sole dispositive power over 2,546,606 shares.
- Both entities are based in Delaware, with their principal business office located in Wayne, Pennsylvania.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to previously reported ownership.
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of beneficial ownership, providing no positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from Digi International Inc. or the reporting persons regarding the issuer's future performance.
Industry Context
This filing is a routine disclosure of passive beneficial ownership by institutional investors, common in the financial industry. It reflects an investment position in Digi International Inc. but does not provide insights into broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can be a factor in assessing investor confidence and liquidity.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement, indicating the reporting period end. |
| 01/09/2025 | Date the Schedule 13G Amendment No. 2 was signed by Duane R. D'Orazio, Managing Partner for both Conestoga Capital Advisors and CONESTOGA FUNDS. |
Keywords
Digi International Inc., Conestoga Capital Advisors, CONESTOGA FUNDS, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Investment Company
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