SCHEDULE 13G/A: Albion River Management Group Divests Entire Stake in Ducommun Inc., Reporting Zero Beneficial Ownership

Albion River Management LLC, Ignium LP, and Darren Farber have filed an amended Schedule 13G, indicating they no longer beneficially own any shares of Ducommun Inc. common stock as of December 31, 2024.

Summary

• This is Amendment No. 4 to a Schedule 13G filing by Albion River Management LLC, Ignium LP, and Darren Farber concerning their beneficial ownership of Ducommun Inc. common stock.
• The filing reports that as of December 31, 2024, the reporting persons collectively hold 0.00 shares, representing 0% of Ducommun Inc.'s common stock.
• Albion River Management LLC serves as the investment manager for Ignium LP, a private pooled investment vehicle, and Darren Farber is the managing partner of Albion River Management LLC.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein, and state that the securities were not acquired or held for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative as the filing indicates a complete divestment by an institutional investor group, which can be perceived as a lack of confidence in the issuer's future performance. However, it's a factual ownership change rather than a direct negative financial result.

Negatives

• The complete divestment of shares by an institutional investor group, as indicated by the 0% beneficial ownership, could be interpreted by the market as a negative signal regarding the investor's confidence in Ducommun Inc.'s future prospects.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Ducommun Inc.'s future performance or strategic direction.

Management Comments

• "Shares reported herein represent Common Stock of Ducommun Incorporated (the 'Issuer') held by Ignium LP, a Delaware limited partnership (the 'Fund'). The Fund is a private pooled investment vehicle for which Albion River Management LLC, a Delaware limited liability company (the 'Investment Manager'), serves as the investment manager. Darren Farber serves as the managing partner of the Investment Manager (all of the foregoing, collectively, the 'Reporting Persons')."
• "By virtue of these relationships (i.e., Mr. Farber's sole authority to direct the affairs of the Investment Manager, including the voting and disposition of shares of Common Stock held by all Reporting Persons), the Reporting Persons may be deemed to have sole voting and dispositive power with respect to the shares owned directly by the Fund."
• "This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the shares for purposes of Section 13 of the Exchange Act 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of the Reporting Person's pecuniary interest therein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by an institutional investor group, reflecting their complete divestment from Ducommun Inc. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The complete divestment by an institutional investor group may lead to negative market sentiment and potentially impact the share price of Ducommun Inc.

Key Dates

Keywords

SEC filing, Schedule 13G, beneficial ownership, Ducommun Inc, divestment, institutional investor, Albion River Management, Ignium LP, common stock