SCHEDULE 13G/A: Thrivent Financial Discloses 4.8% Passive Stake in QuinStreet, Inc.
Beneficial Ownership Report (Schedule 13G Amendment)
Thrivent Financial for Lutherans has filed an amended Schedule 13G, reporting a passive beneficial ownership of 4.8% of QuinStreet, Inc.'s common stock as of September 30, 2024.
Summary
- Thrivent Financial for Lutherans, a Wisconsin fraternal benefit society, reported beneficial ownership of 2,687,648 shares of QuinStreet, Inc. common stock.
- This represents 4.8% of QuinStreet, Inc.'s outstanding common stock, based on 55,976,094 shares outstanding as of August 12, 2024.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating a passive investment intent, meaning the shares 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.
- Thrivent Financial for Lutherans holds sole voting and dispositive power over 19,757 shares, but disclaims beneficial ownership of these shares, which are held in the Thrivent Financial Defined Benefit Plan Trust.
- Shared voting and dispositive power is held over 2,667,891 shares, comprising 901,041 shares managed by Thrivent Financial for Lutherans as an investment adviser and 1,766,850 shares managed by Thrivent Asset Management, LLC, a wholly-owned subsidiary.
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 issuer's performance or outlook.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2024-08-12 | Date on which QuinStreet, Inc. had 55,976,094 shares of Common Stock outstanding, as reported in their 10-K. |
| 2024-08-21 | Date QuinStreet, Inc.'s Annual Report on Form 10-K for the year ended June 30, 2024, was filed with the SEC. |
| 2024-09-30 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-03-07 | Signature date of the Schedule 13G filing by Thrivent Financial for Lutherans. |
Keywords
QuinStreet Inc, Thrivent Financial for Lutherans, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Passive Investment, Institutional Ownership
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