SCHEDULE 13G/A: Silvercrest Asset Management Group Discloses 3.4% Passive Stake in Standex International Corporation
Beneficial Ownership Disclosure
Silvercrest Asset Management Group and its affiliates have reported a 3.4% passive ownership stake in Standex International Corporation as of December 31, 2024, through an Amendment No. 1 to Schedule 13G.
Summary
- Silvercrest Asset Management Group LLC, Silvercrest L.P., and Silvercrest Asset Management Group Inc. are the reporting persons.
- The filing pertains to their beneficial ownership of Common Stock in Standex International Corporation (CUSIP: 854231107).
- As of December 31, 2024, the reporting persons collectively beneficially owned 414,222 shares of Standex International Corporation.
- This ownership represents 3.4% of the class of securities.
- The reporting persons hold shared voting power and shared dispositive power over all 414,222 shares.
- The filing is an Amendment No. 1 to Schedule 13G, filed under Rule 13d-1(b).
- 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 the issuer.
Sentiment
Score: 5
Explanation: The document is a routine Schedule 13G filing disclosing a passive ownership stake, which is a neutral event and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- The filing confirms Silvercrest Asset Management Group's continued passive investment in Standex International, indicating a stable institutional holding.
- The certification explicitly states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, which is typical for a passive institutional investor.
Future Outlook
NA
Industry Context
This document is a routine disclosure of institutional ownership and does not provide specific industry context or trends for Standex International Corporation or its competitors.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, confirming a passive stake by Silvercrest Asset Management Group.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of Joint Filing Agreement among the Reporting Persons (referenced in Exhibit 1, likely the date of the original Schedule 13G filing). |
| 12/31/2024 | Date of Event Which Requires Filing of this Statement (the reporting period end date for this amendment). |
| 02/14/2025 | Date of filing of this Amendment No. 1 to Schedule 13G. |
Keywords
Standex International Corporation, Silvercrest Asset Management Group, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Ownership
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