SCHEDULE 13G/A: Royce & Associates LP Discloses 6.33% Passive Stake in TrueBlue, Inc.

Royce & Associates LP, an investment adviser, has filed an amended Schedule 13G disclosing a passive beneficial ownership of 6.33% of TrueBlue, Inc.'s common stock as of March 31, 2025.

Summary

• Royce & Associates LP, a New York-based investment adviser, has filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in TrueBlue, Inc.
• As of March 31, 2025, Royce & Associates LP beneficially owns 1,880,732 shares of TrueBlue, Inc. common stock.
• This ownership represents 6.33% of the total class of TrueBlue, Inc. common stock.
• The filing indicates that Royce & Associates LP holds sole voting power and sole dispositive power over all 1,880,732 shares.
• 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 TrueBlue, Inc.
• Royce & Associates LP is an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI) but exercises voting and investment powers independently from FRI affiliates.
• Royce & Associates LP disclaims any pecuniary interest in the reported securities and disclaims being a 'group' with FRI affiliates or Principal Shareholders.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects. It is a neutral regulatory filing.

Risks

• Royce & Associates LP disclaims any pecuniary interest in the securities reported.
• Royce & Associates LP disclaims that it is the beneficial owner, as defined in Rule 13d-3, of any such securities.
• Royce & Associates LP believes it is not a 'group' with FRI affiliates, the Principal Shareholders, or their respective affiliates within the meaning of Rule 13d-5.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding TrueBlue, Inc.'s future performance or outlook.

Industry Context

This filing reflects a passive investment by a significant institutional investor, Royce & Associates LP, in TrueBlue, Inc., a company operating in the staffing and workforce solutions industry. Such disclosures are common for investment advisers managing client assets and typically do not indicate a strategic shift or direct influence on the issuer's operations, but rather a belief in the company's long-term value as part of a diversified portfolio.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by an institutional investor like Royce & Associates LP can provide a degree of confidence or stability, indicating that a professional money manager sees value in the company's stock.

Key Dates

Keywords

TrueBlue Inc., Royce & Associates LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Passive Investment, Franklin Resources Inc.