Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

16,336,221

Short Interest Shares

242,757

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.	1,299,090	7.95	46,039,750	9/30/2019	32,914
Dimensional Fund Advisors LP	1,192,899	7.30	42,276,341	9/30/2019	(1,522)
Vanguard Group Inc.	761,018	4.66	26,970,478	9/30/2019	5,583
Tributary Capital Management LLC	367,382	2.25	13,020,018	12/31/2019	(11,183)
State Street Global Advisors Inc.	344,348	2.11	12,203,693	9/30/2019	2,251
North Star Asset Management Inc	264,402	1.62	9,370,407	9/30/2019	1,983
Bank of America Corp.	245,943	1.51	8,716,220	12/31/2019	98,759
LSV Asset Management	236,297	1.45	8,374,366	9/30/2019	(1,867)
Northern Trust Global Investments	215,316	1.32	7,630,799	9/30/2019	1,259
Geode Capital Management LLC	215,113	1.32	7,623,605	9/30/2019	3,003
RBC Global Asset Management Inc.	194,666	1.19	6,898,963	9/30/2019	4,150
Wellington Management Group LLP	151,643	0.93	5,374,228	9/30/2019	(38,298)
BNY Asset Management	115,883	0.71	4,106,894	9/30/2019	211
Charles Schwab Investment Management Inc.	98,337	0.60	3,485,063	9/30/2019	(275)
Acadian Asset Management LLC	80,016	0.49	2,835,767	9/30/2019	9,280
John W. Rosenthal Capital Management Inc.	75,000	0.46	2,658,000	9/30/2019	(5,000)
TIAA	74,169	0.45	2,628,549	9/30/2019	2,575
Victory Capital Management Inc.	65,777	0.40	2,331,137	9/30/2019	(2,623)
Wells Fargo & Co.	65,061	0.40	2,305,762	9/30/2019	661
LaFleur & Godfrey LLC	63,879	0.39	2,263,872	9/30/2019	17,838

Displaying 1 to 20 (of 148)

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.