Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

16,206,062

Short Interest Shares

249,376

Float (%)

95.06

Institutional Ownership (%)

54.05

Mutual Fund Ownership (%)

24.02

Insider Ownership (%)

4.94

Top 10 Instn Holders (%)

39.09

Ownership Activity - Total Positions

Company	Shares	% Out	Value ($)	Reported	Change
BlackRock Inc.	1,389,111	8.57	30,991,066	3/31/2020	12,526
Dimensional Fund Advisors LP	1,198,133	7.39	26,730,347	3/31/2020	13,120
Vanguard Group Inc.	777,549	4.80	17,347,118	3/31/2020	4,807
Banc Funds Company LLC	694,732	4.29	15,499,471	3/31/2020	(92,804)
Tributary Capital Management LLC	354,431	2.19	7,907,356	3/31/2020	(12,951)
State Street Global Advisors Inc.	352,690	2.18	7,868,514	3/31/2020	(9,856)
North Star Asset Management Inc	261,245	1.61	5,828,376	3/31/2020	1,885
Geode Capital Management LLC	239,559	1.48	5,344,561	3/31/2020	14,168
Bank of America Corp.	236,335	1.46	5,272,634	3/31/2020	(6,625)
Northern Trust Global Investments	217,054	1.34	4,842,475	3/31/2020	6,343
LSV Asset Management	206,897	1.28	4,615,872	3/31/2020	(13,100)
RBC Global Asset Management Inc.	194,266	1.20	4,334,074	3/31/2020	23,020
Acadian Asset Management LLC	133,950	0.83	2,988,425	3/31/2020	28,480
BNY Asset Management	131,673	0.81	2,937,625	3/31/2020	1,499
Charles Schwab Investment Management Inc.	102,384	0.63	2,284,187	3/31/2020	1,988
Arrowstreet Capital Ltd. Partnership	81,430	0.50	1,816,703	3/31/2020	(30,959)
Wellington Management Group LLP	76,983	0.48	1,717,491	3/31/2020	(59,760)
Wells Fargo & Co.	75,701	0.47	1,688,889	3/31/2020	883
John W. Rosenthal Capital Management Inc.	75,000	0.46	1,673,250	3/31/2020	0
TIAA	70,573	0.44	1,574,484	3/31/2020	2,760

Displaying 1 to 20 (of 146)

Institutional Ownership

Total Positions

New Positions

Increased Positions

Decreased Positions

Soldout Positions

Net Change

List of possible reasons behind the infrequent cases where we have total institutional ownership that exceeds 100% of the common shares outstanding for a specific company:

Double-counting - On the 13-F filing, each institutional holder must report all securities over which they exercise sole or shared investment discretion. In cases where investment discretion is shared by more than one institution, care is generally taken to prevent double-counting, but there is always the exception. Another cause of double-counting is a company name change for the 13F filer where the holdings are accounted for under both filer names.

Short Interest - A large short interest amount affects the institutional ownership amount considerably because all shares that have been sold short appear as holdings in two separate portfolios. One institution has lent its shares to a short seller, while the same shares have been purchased by another reporting institution. Consequently, the institutional ownership percentage reflected in the 13-F filings is overstated as a percentage of total shares outstanding.

A gap between 'as of' dates - In the case where gaps between the 'as of' dates of the holdings and the shares outstanding arise, the percentage owned could be skewed due to a sharp increase/decrease in shares out. Again, this case doesn’t come up very often but the results are unavoidable.

Other possible reasons: a) An overlap occurs amongst reporting institutions; b) The 13F filing includes holdings other than common stock issues; c) Mutual fund money is co-advised and incorrectly reported by multiple institutions.