SCHEDULE: Wasatch Advisors Discloses 10.7% Stake in Standex

Wasatch Advisors LP has reported a 10.7% beneficial ownership stake in Standex International Corp, holding 1,297,962 common shares.

Summary

• Wasatch Advisors LP, a Delaware-based investment adviser, has filed an Amendment No. 1 to Schedule 13G.
• The filing reports beneficial ownership of 1,297,962 common shares (COM) of Standex International Corp.
• This aggregate amount represents 10.7% of the class of securities.
• Wasatch Advisors LP holds sole voting power over 914,024 shares and sole dispositive power over 1,297,962 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Standex International Corp.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance, but rather reflects an investment decision by a third party.

Positives

• The disclosure of a significant institutional stake by Wasatch Advisors LP may signal confidence in Standex International Corp's long-term prospects.

Negatives

• This filing is a standard ownership disclosure and does not inherently contain negative information regarding the issuer's performance or outlook.

Risks

• This filing is a standard ownership disclosure and does not inherently contain specific risks related to the issuer's operations or financial health.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance from Standex International Corp.

Management Comments

• Mike Yeates, CEO of Wasatch Advisors LP, certified that 'to the best of my knowledge and belief, 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

The filing indicates a significant institutional investment in Standex International Corp by an investment adviser, a common occurrence in the public markets reflecting portfolio management decisions.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder can influence investor perception and potentially increase trading volume or share price stability due to institutional interest.

Key Dates

Keywords

Standex International Corp, Wasatch Advisors LP, Beneficial Ownership, Schedule 13G, Investment Adviser, Common Stock, Institutional Ownership