SCHEDULE: Kornitzer Capital Boosts Landmark Bancorp Stake to 6.5%

Kornitzer Capital Management, an investment adviser, reported an increased beneficial ownership of 6.5% in Landmark Bancorp Inc. common stock.

Summary

• Kornitzer Capital Management, Inc. reported beneficial ownership of 376,339 shares of Landmark Bancorp Inc. common stock.
• This ownership represents 6.5% of the total class of securities.
• Kornitzer Capital Management holds sole voting power over all 376,339 shares.
• Shared dispositive power is held over 119,258 shares, with no sole dispositive power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor, indicating a significant but non-controlling stake. It does not contain operational or financial performance data to assess a positive or negative sentiment directly related to the company's business.

Positives

• Increased institutional ownership by Kornitzer Capital Management, an investment adviser, which can signal confidence in Landmark Bancorp Inc.
• The filing explicitly states the shares were acquired in the ordinary course of business, not for control, suggesting a long-term investment perspective.

Risks

• The filing itself does not detail operational risks for Landmark Bancorp Inc. It only states that the securities were not acquired for the purpose of changing or influencing control, which mitigates a specific type of risk (hostile takeover/activist investor) from this particular holder.

Future Outlook

This filing does not provide any forward-looking statements or guidance regarding Landmark Bancorp Inc.'s future performance or strategic direction.

Management Comments

• Kornitzer Capital Management, Inc. is an investment advisor with respect to the shares of common stock for the accounts of other persons who have the right to receive, and the power to direct the receipt of, dividends from, or the proceeds from the sale of, the common stock of Landmark Bancorp. Inc.
• The securities referred to above were acquired and are held in the ordinary course of business and 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 reflects a common practice where institutional investment advisers disclose significant ownership stakes in publicly traded companies. For regional banks like Landmark Bancorp Inc., increased institutional interest can be viewed as a sign of confidence in the company's stability and growth prospects within the financial services sector.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership as a positive signal, potentially indicating stability and long-term interest in the company's stock.
• Management: The disclosure confirms a significant institutional investor, which can influence management's focus on shareholder value.

Key Dates

Recommendation

This Schedule 13G filing indicates a significant, non-controlling stake by an investment adviser. While increased institutional ownership can be a positive signal of confidence, the filing itself does not provide new financial performance data or strategic updates to warrant a 'buy' or 'sell' recommendation. It primarily confirms an existing investment position, suggesting a 'hold' stance for investors awaiting further operational or financial news from Landmark Bancorp Inc.

Keywords

Landmark Bancorp Inc., Kornitzer Capital Management, Common Stock, Beneficial Ownership, Institutional Investor, SEC Filing, Schedule 13G, Regional Bank, Financial Services