BlackRock Amends ARTESIAN RESOURCES Stake, Maintains Influence
Ticker: ARTNB · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 863110
| Field | Detail |
|---|---|
| Company | Artesian Resources CORP (ARTNB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its ARTESIAN RESOURCES CORP stake, still a big holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in their ownership of ARTESIAN RESOURCES CORP's Class A Common Stock as of December 31, 2023. This amendment (Amendment No. 3) shows BlackRock continues to be a significant institutional holder, which can provide a sense of stability for investors. For shareholders, BlackRock's continued substantial stake suggests confidence from a major financial institution, potentially influencing other investors and the stock's perceived stability.
Why It Matters
This filing shows BlackRock, a major institutional investor, is still a significant shareholder in ARTESIAN RESOURCES CORP, which can be a positive signal for current and prospective investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate significant risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which might be viewed as a vote of confidence. However, this filing alone doesn't provide details on the exact change in ownership percentage, so further investigation into BlackRock's specific holdings might be warranted for a complete picture.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- ARTESIAN RESOURCES CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 3 (number) — the specific amendment number of the filing
FAQ
What type of securities of ARTESIAN RESOURCES CORP are covered by this filing?
This filing covers the Class A Common Stock of ARTESIAN RESOURCES CORP, as stated under 'Title of Class of Securities'.
Who is the reporting person in this SC 13G/A filing?
The reporting person is BlackRock, Inc., as identified in section (1) 'Names of reporting persons' and in the 'FILED BY' section of the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Class A Common Stock of ARTESIAN RESOURCES CORP is 043113208, as listed in the filing.
When was the event that required this SC 13G/A filing?
The event which required this filing occurred on December 31, 2023, as indicated by 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as designated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ARTESIAN RESOURCES CORP (ARTNB).