SCHEDULE 13G/A: Kayne Anderson Rudnick Investment Management Discloses 7.58% Stake in Ollie's Bargain Outlet Holdings

Kayne Anderson Rudnick Investment Management, LLC has filed an amended Schedule 13G, reporting a beneficial ownership of 7.58% in Ollie's Bargain Outlet Holdings, Inc. as of December 31, 2024.

Summary

• Kayne Anderson Rudnick Investment Management, LLC reported a beneficial ownership of 4,641,730 shares of Common Stock in Ollie's Bargain Outlet Holdings, Inc.
• This ownership stake represents 7.58% of the company's class of securities.
• The filing is an Amendment No. 5 to a previously filed Schedule 13G.
• As of December 31, 2024, Kayne Anderson Rudnick held sole voting power over 3,102,793 shares and shared voting power over 1,501,912 shares.
• They also held sole dispositive power over 3,139,818 shares and shared dispositive power over 1,501,912 shares.
• The reporting person, an investment adviser, certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant ownership stake by an investment management firm in a publicly traded retail company. It reflects an institutional investor's position rather than a strategic move within the broader retail industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake in the company, which can influence market perception and trading activity.

Key Dates

Keywords

Ollie's Bargain Outlet Holdings, Kayne Anderson Rudnick, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, SEC Filing, Institutional Ownership