SCHEDULE 13G/A: Thrivent Financial for Lutherans Discloses 1.71% Passive Stake in United States Lime & Minerals Inc.
Ownership Disclosure
Thrivent Financial for Lutherans has filed an amended Schedule 13G, reporting a passive beneficial ownership of 1.71% in United States Lime & Minerals Inc. as of September 30, 2024.
Summary
- Thrivent Financial for Lutherans, a Wisconsin fraternal benefit society, reported beneficial ownership of 487,798 shares of United States Lime & Minerals Inc. Common Stock.
- This ownership represents 1.71% of the issuer's outstanding common stock, based on 28,594,270 shares outstanding as of July 31, 2024.
- Thrivent Financial for Lutherans holds sole voting and dispositive power over 485 shares, but disclaims beneficial ownership of these shares, which are held in the Thrivent Financial Defined Benefit Plan Trust.
- Shared voting and dispositive power is held over 487,313 shares.
- Of the shared shares, 134,282 are held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser.
- The remaining 353,031 shared shares are held by registered investment companies advised by Thrivent Asset Management, LLC, a wholly-owned subsidiary of Thrivent Financial for Lutherans.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of a passive ownership stake and does not contain information that would significantly alter the sentiment towards the issuer. It is a routine compliance filing.
Positives
- The disclosure indicates that a reputable institutional investor, Thrivent Financial for Lutherans, holds a stake in United States Lime & Minerals Inc., which can be viewed as a sign of confidence in the company's long-term prospects.
Negatives
- The filing explicitly states that the shares are held for passive investment purposes, meaning Thrivent Financial for Lutherans does not intend to influence or control the management or policies of United States Lime & Minerals Inc.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding United States Lime & Minerals Inc.'s future performance or operations.
Industry Context
This filing is a routine disclosure of institutional ownership, common in the financial industry, where large asset managers and investment firms report their passive stakes in publicly traded companies. It reflects a standard compliance requirement for investors holding less than 5% of a company's shares with no intent to influence control.
Stakeholder Impact
- Shareholders: Provides transparency regarding the ownership structure and confirms a passive institutional holding.
- Management: No direct impact as the filing indicates a passive investment with no intent to influence control.
Key Dates
| Date | Description |
|---|---|
| 2024-07-31 | Date on which 28,594,270 shares of United States Lime & Minerals, Inc. Common Stock were outstanding, as reported in the Company's Quarterly Report on Form 10-Q. |
| 2024-08-02 | Date the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, was filed with the SEC. |
| 2024-09-30 | Date of event which requires the filing of this statement (reporting period end date). |
| 2025-03-07 | Date the Schedule 13G Amendment No. 5 was signed and filed. |
Keywords
United States Lime & Minerals Inc., Thrivent Financial for Lutherans, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing
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