SCHEDULE 13G: Albert Rabil Discloses 6.79% Stake in Turtle Beach Corporation

Albert Rabil, CEO of Kayne Anderson Capital Advisors, L.P., has disclosed a beneficial ownership of 1,357,000 shares, representing 6.79% of Turtle Beach Corporation's common stock.

Summary

• Albert Rabil, a U.S. Citizen, has filed a Schedule 13G disclosing beneficial ownership of common stock in Turtle Beach Corporation (CUSIP: 900450206).
• Mr. Rabil beneficially owns 1,357,000 shares of Turtle Beach Corp. common stock.
• This ownership represents 6.79% of the total class of securities.
• Mr. Rabil holds sole voting power and sole dispositive power over all 1,357,000 shares.
• The filing date for this statement is April 8, 2025, which is also the date of the event requiring the filing.
• Kayne Anderson Capital Advisors, L.P. explicitly disclaims beneficial ownership of the shares reported with respect to Mr. Rabil, despite him being their Chief Executive Officer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would significantly alter sentiment positively or negatively.

Positives

• The disclosure of a significant individual stake by a prominent financial professional like Albert Rabil could be interpreted by some investors as a sign of confidence in Turtle Beach Corporation.

Negatives

• The document does not contain any information that can be interpreted as negative.

Risks

• The document does not contain any information regarding current issues or potential future challenges.

Future Outlook

NA

Management Comments

• Kayne Anderson Capital Advisors, L.P. disclaims beneficial ownership of the shares reported with respect to Mr. Rabil as Chief Executive Officer of Kayne Anderson Capital Advisors, L.P.

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide information related to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant individual ownership stakes in the company, which can influence market perception and trading activity.

Key Dates

Keywords

Turtle Beach Corporation, Albert Rabil, Schedule 13G, Beneficial Ownership, Common Stock, TRTL, SEC Filing, Shareholder, Investment, Kayne Anderson Capital Advisors