SCHEDULE 13G: Coliseum Capital Discloses 5.8% Passive Stake in GMS Inc.
Beneficial Ownership Disclosure
Coliseum Capital Management, LLC and its affiliates have disclosed a passive beneficial ownership of 5.8% of GMS Inc.'s common stock, totaling 2,256,243 shares.
Summary
- Coliseum Capital Management, LLC (CCM) and its affiliated entities and individuals (Coliseum Capital, LLC, Coliseum Capital Partners, L.P., Coliseum Capital Co-Invest III, L.P., Adam Gray, and Christopher Shackelton) have filed a Schedule 13G.
- The filing indicates beneficial ownership of 2,256,243 shares of GMS Inc. common stock by Coliseum Capital Management, LLC, Adam Gray, and Christopher Shackelton.
- This represents a 5.8% stake in GMS Inc., calculated based on 38,815,455 shares outstanding as of November 30, 2024, as reported in GMS Inc.'s Quarterly Report on Form 10-Q filed on December 5, 2024.
- Coliseum Capital, LLC beneficially owns 1,830,368 shares, representing 4.7% of the class.
- Coliseum Capital Partners, L.P. beneficially owns 1,804,522 shares, representing 4.6% of the class.
- Coliseum Capital Co-Invest III, L.P. beneficially owns 25,846 shares, representing 0.1% of the class.
- All reported shares are held with shared voting and shared dispositive power among the respective reporting persons.
- The acquisition of these securities was certified as not being for the purpose of changing or influencing control of GMS Inc., other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, carrying a neutral sentiment regarding the company's performance. The presence of a significant institutional investor could be seen as a slight positive for market confidence, but the filing itself is purely informational.
Positives
- The disclosure of a significant institutional stake (5.8%) by Coliseum Capital may signal increased institutional interest and confidence in GMS Inc.
Future Outlook
This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding GMS Inc.'s future performance or outlook.
Industry Context
This filing indicates a significant passive investment by Coliseum Capital in GMS Inc., a publicly traded company. Such disclosures are common in the investment landscape, reflecting institutional interest in specific companies within their respective industries.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by Coliseum Capital may signal increased institutional interest and potentially influence investor sentiment regarding GMS Inc.'s stock.
Key Dates
| Date | Description |
|---|---|
| 2024-11-30 | Date as of which 38,815,455 shares of Common Stock were reported outstanding in GMS Inc.'s Form 10-Q. |
| 2024-12-05 | Date GMS Inc. filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission. |
| 2025-01-06 | Date of event which requires filing of this Schedule 13G statement. |
| 2025-01-14 | Date the Schedule 13G statement was signed by the reporting persons' attorney-in-fact. |
Keywords
GMS Inc., Coliseum Capital Management, Schedule 13G, beneficial ownership, institutional investment, common stock, SEC filing, passive stake
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