SCHEDULE 13G/A: Kornitzer Capital Management Discloses 6.99% Passive Stake in Landmark Bancorp Inc.

Kornitzer Capital Management, an investment adviser, has filed an updated Schedule 13G disclosing a 6.99% beneficial ownership stake in Landmark Bancorp Inc. as of December 31, 2024.

Summary

• Kornitzer Capital Management, Inc. reported beneficial ownership of 384,680 shares of common stock in Landmark Bancorp Inc.
• This represents 6.99% of Landmark Bancorp Inc.'s common stock outstanding.
• The filing event date was December 31, 2024.
• Kornitzer Capital Management holds sole voting power over all 384,680 shares.
• They hold shared dispositive power over 127,957 shares, with no sole dispositive power.
• The shares 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: 7

Explanation: The filing indicates a significant, passive institutional investment in Landmark Bancorp Inc. by a reputable investment adviser, which can be viewed positively as a vote of confidence. There are no negative implications or activist intentions disclosed.

Positives

• A reputable investment adviser, Kornitzer Capital Management, holds a significant 6.99% stake in Landmark Bancorp Inc., indicating institutional interest.
• The filing confirms the shares are held for investment purposes in the ordinary course of business, not for activist intentions, suggesting a stable, long-term holding.

Negatives

• No negative information is typically disclosed in a Schedule 13G filing, as it primarily reports passive ownership.

Risks

• The filing itself does not detail specific risks related to Landmark Bancorp Inc.'s operations or financial health.
• A change in the reporting person's investment intent from passive to active (e.g., seeking to influence control) would necessitate a different filing (Schedule 13D), which could introduce new dynamics for the company.

Future Outlook

This Schedule 13G filing does not provide forward-looking statements or guidance regarding Landmark Bancorp Inc.'s future performance or strategic outlook, as it is a disclosure of passive ownership.

Management Comments

• Kornitzer Capital Management, Inc. certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Landmark Bancorp Inc.

Industry Context

The filing indicates continued institutional interest in regional banking institutions like Landmark Bancorp Inc. Schedule 13G filings are routine disclosures for investment advisers holding significant, passive stakes in publicly traded companies, reflecting standard portfolio management activities within the financial services sector.

Comparison to Industry Standards

• This filing is a standard disclosure of passive institutional ownership and does not provide specific financial or operational results for comparison against industry benchmarks or specific comparable companies. The 6.99% stake is a notable institutional holding for a regional bank, aligning with typical institutional portfolio allocations.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially signaling confidence in the company.
• Management: Awareness of a large passive investor, though no direct impact on control or operations is indicated.

Next Steps

• Kornitzer Capital Management Inc. will continue to hold its investment in Landmark Bancorp Inc. in the ordinary course of business.
• Future changes in ownership percentage (above or below certain thresholds) or investment intent would trigger subsequent SEC filings.

Key Dates

Recommendation

Keywords

Landmark Bancorp Inc, Kornitzer Capital Management, Schedule 13G, SEC filing, common stock, beneficial ownership, investment adviser, institutional ownership, bank stock, financial services