SCHEDULE 13G/A: Divisar Entities Report Passive Stake in Tilly's, Inc. Class A Common Stock
Beneficial Ownership Report
Divisar Partners QP, L.P., Divisar Capital Management LLC, and Steven Baughman have filed an amended Schedule 13G, disclosing their passive beneficial ownership in Tilly's, Inc. Class A Common Stock.
Summary
- Divisar Partners QP, L.P. beneficially owns 468,599 shares of Tilly's, Inc. Class A Common Stock, representing 2.1% of the class.
- Divisar Capital Management LLC beneficially owns 503,290 shares of Tilly's, Inc. Class A Common Stock, representing 2.2% of the class.
- Steven Baughman, as CEO of Divisar Capital Management LLC, beneficially owns 503,290 shares of Tilly's, Inc. Class A Common Stock, representing 2.2% of the class.
- The percentages are based on 22,845,799 shares of Class A Common Stock outstanding as of April 4, 2025, as reported by Tilly's, Inc. in its Form 10-K filed on April 10, 2025.
- All reporting persons disclaim beneficial ownership over any securities reported, and the filing is not to be construed as an admission of beneficial ownership.
- The securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual, routine disclosure of beneficial ownership, indicating a neutral sentiment as it provides no performance or strategic updates.
Future Outlook
This Schedule 13G filing is a disclosure of passive beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
This filing is a routine disclosure of passive investment ownership by an investment firm in a publicly traded retail company. It does not provide specific insights into broader industry trends or competitive dynamics beyond the fact of the investment itself.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership stakes held by Divisar entities and Steven Baughman.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires the filing of this statement |
| 04/04/2025 | Date for the number of Class A Common Stock shares outstanding (22,845,799 shares) used for percentage calculation |
| 04/10/2025 | Date Tilly's, Inc. filed its Form 10-K with the SEC, providing the share count basis |
| 05/15/2025 | Signature date of the Schedule 13G filing |
Keywords
Tilly's Inc., Divisar Partners QP L.P., Divisar Capital Management LLC, Steven Baughman, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Management, Retail
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