BlackRock Amends ALLIENT INC Stake; Passive Ownership Continues
Ticker: ALNT · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 46129
| Field | Detail |
|---|---|
| Company | Allient INC (ALNT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its ALLIENT INC stake, still a big passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in its ownership of ALLIENT INC (formerly ALLIED MOTION TECHNOLOGIES INC) as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, signals that BlackRock continues to hold a significant, but passive, stake in the company. For investors, this means a major institutional investor like BlackRock still sees value in ALLIENT INC, which can be a positive signal, but the specific change in their holding percentage isn't detailed in this excerpt, so further investigation would be needed to understand the exact shift.
Why It Matters
This filing shows that a major institutional investor, BlackRock, maintains a significant, passive stake in ALLIENT INC, which can influence investor confidence and stock stability.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and doesn't indicate any immediate negative or positive risk for the company.
Analyst Insight
A smart investor would note BlackRock's continued passive interest in ALLIENT INC, but would need to review the full filing (beyond this excerpt) to determine the exact percentage of shares held and any changes from previous filings to assess the full implications.
Key Numbers
- 0000046129 — ALLIENT INC's CIK (unique identifier for ALLIENT INC with the SEC)
- 0001364742 — BlackRock Inc.'s CIK (unique identifier for BlackRock Inc. with the SEC)
- 019330109 — CUSIP Number (identifies ALLIENT INC's Common Stock)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- ALLIENT INC (company) — the subject company whose shares are being reported
- ALLIED MOTION TECHNOLOGIES INC (company) — the former name of ALLIENT INC
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in ALLIENT INC. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., headquartered at 50 Hudson Yards, New York, NY 10001.
What company's shares are the subject of this filing?
The subject company is ALLIENT INC, formerly known as ALLIED MOTION TECHNOLOGIES INC, with its business address at 495 Commerce Drive, Suite 3, Amherst, NY 14228.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of ALLIENT INC is 019330109.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding ALLIENT INC (ALNT).