SCHEDULE: Fourthstone Discloses 7.28% Stake in First Community
Beneficial Ownership Report
Fourthstone LLC and its affiliates have reported a 7.28% beneficial ownership stake in First Community Corporation's common stock, held for investment purposes.
Summary
- Fourthstone LLC, a Delaware Limited Liability Company and Investment Adviser, along with its affiliated entities, collectively reported beneficial ownership of 559,185 shares of First Community Corporation's Common Stock.
- The affiliated entities include Fourthstone Master Opportunity Fund Ltd (Cayman Islands), Fourthstone GP LLC (Delaware), Fourthstone QP Opportunity Fund LP (Delaware), Fourthstone Small-Cap Financials Fund LP (Delaware), and L. Phillip Stone, IV (United States), who is the Managing Member of Fourthstone LLC and Fourthstone GP.
- This aggregate ownership represents 7.28% of First Community Corporation's outstanding Common Stock.
- The percentage is based on 7,681,601 shares of Common Stock outstanding as of March 31, 2025, as reported in First Community Corporation's Form 10-Q filed with the SEC on May 9, 2025.
- The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of First Community Corporation.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the issuer's operational or financial performance.
Future Outlook
NA
Management Comments
- 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 effect.
- Fourthstone LLC acquired the Issuer's shares in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of influencing the control of the Issuer.
Industry Context
This filing is a standard disclosure of beneficial ownership by an investment adviser and its related funds, indicating a significant stake in a publicly traded company. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor holding a 7.28% stake may be viewed positively as a vote of confidence or as a potential liquidity factor. The explicit statement that the stake is not for control purposes may alleviate concerns about activist pressure.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of outstanding shares calculation (7,681,601 shares) for First Community Corporation's Common Stock, as reported in its Form 10-Q. |
| 05/09/2025 | Date First Community Corporation filed its Form 10-Q with the SEC. |
| 06/30/2025 | Date of event which requires the filing of this statement (reporting period end). |
| 08/14/2025 | Date of filing and signature date for the Schedule 13G. |
Keywords
First Community Corporation, Fourthstone LLC, Beneficial Ownership, Common Stock, SEC Filing, Schedule 13G, Investment Adviser, Financial Services, Banking
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