Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

30,248,953

Short Interest Shares

204,662

Float (%)

87.26

Institutional Ownership (%)

56.59

Mutual Fund Ownership (%)

37.96

Insider Ownership (%)

12.74

Top 10 Instn Holders (%)

40.38

Ownership Activity - Total Positions

Company	Shares	% Out	Value ($)	Reported	Change
Hallador Investment Advisors Inc.	1,671,465	5.53	4,028,231	10/7/2019	0
Dimensional Fund Advisors LP	1,355,466	4.48	3,266,673	9/30/2019	(2,953)
BlackRock Inc.	1,168,015	3.86	2,814,916	9/30/2019	49,548
Yorktown Partners LLC	965,998	3.19	2,328,055	9/30/2019	(450,000)
Vanguard Group Inc.	827,409	2.74	1,994,056	9/30/2019	70,857
Acadian Asset Management LLC	574,440	1.90	1,384,400	9/30/2019	(37,576)
Oakcliff Capital Partners, L.P.	557,189	1.84	1,342,825	9/30/2019	0
Renaissance Technologies LLC	488,458	1.61	1,177,184	9/30/2019	66,166
BNY Asset Management	306,724	1.01	739,205	9/30/2019	5,501
State Street Global Advisors Inc.	306,218	1.01	737,985	9/30/2019	5,839
Northern Trust Global Investments	293,798	0.97	708,053	9/30/2019	41,955
Geode Capital Management LLC	230,989	0.76	556,683	9/30/2019	(2,606)
Bridgeway Capital Management Inc.	209,200	0.69	504,172	9/30/2019	0
Cove Street Capital LLC	202,500	0.67	488,025	9/30/2019	0
Sterling Capital Management LLC	195,339	0.65	470,767	9/30/2019	0
Numeric Investors LLC	174,372	0.58	420,237	9/30/2019	(135,671)
Hillsdale Investment Management Inc.	171,377	0.57	413,019	9/30/2019	147,377
Peter B. Cannell & Co. Inc.	159,350	0.53	384,034	9/30/2019	0
MacKay Shields LLC	158,355	0.52	381,636	9/30/2019	6,400
Oldfield Partners LLP	155,178	0.51	373,979	9/30/2019	21,508

Displaying 1 to 20 (of 123)

Ownership Summary

Ownership Summary

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.