Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

16,332,104

Short Interest Shares

228,145

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.	1,376,585	8.43	27,738,188	12/31/2019	77,495
Dimensional Fund Advisors LP	1,185,013	7.26	23,878,012	12/31/2019	(7,886)
Banc Funds Company LLC	787,536	4.82	15,868,850	12/31/2019	(77,400)
Vanguard Group Inc.	772,742	4.73	15,570,751	12/31/2019	11,724
Tributary Capital Management LLC	367,382	2.25	7,402,747	12/31/2019	(11,183)
State Street Global Advisors Inc.	362,546	2.22	7,305,302	12/31/2019	18,198
North Star Asset Management Inc	259,360	1.59	5,226,104	12/31/2019	(5,042)
Bank of America Corp.	242,960	1.49	4,895,644	12/31/2019	(2,983)
Geode Capital Management LLC	225,391	1.38	4,541,629	12/31/2019	10,278
LSV Asset Management	219,997	1.35	4,432,940	12/31/2019	(16,300)
Northern Trust Global Investments	210,711	1.29	4,245,827	12/31/2019	(4,605)
RBC Global Asset Management Inc.	171,246	1.05	3,450,607	12/31/2019	(23,420)
Wellington Management Group LLP	136,743	0.84	2,755,371	12/31/2019	(14,900)
BNY Asset Management	130,174	0.80	2,623,006	12/31/2019	14,291
Arrowstreet Capital Ltd. Partnership	112,389	0.69	2,264,638	12/31/2019	85,065
Acadian Asset Management LLC	105,470	0.65	2,125,221	12/31/2019	25,454
Charles Schwab Investment Management Inc.	100,396	0.61	2,022,979	12/31/2019	2,059
John W. Rosenthal Capital Management Inc.	75,000	0.46	1,511,250	12/31/2019	0
Wells Fargo & Co.	74,818	0.46	1,507,583	12/31/2019	9,757
TIAA	67,813	0.42	1,366,432	12/31/2019	(6,356)

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.