BlackRock Discloses Passive Stake in Assertio Holdings (ASRT)
Ticker: ASRT · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 1808665
| Field | Detail |
|---|---|
| Company | Assertio Holdings, Inc. (ASRT) |
| Form Type | SC 13G |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock owns a piece of Assertio, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 26, 2024, disclosing its ownership of Assertio Holdings, Inc. common stock as of December 31, 2023. This filing indicates BlackRock's passive investment in Assertio, a pharmaceutical company, and is important for investors as it signals a large institutional holder's continued interest, potentially lending stability or credibility to the stock.
Why It Matters
This filing shows that a major institutional investor, BlackRock, holds a significant, passive stake in Assertio Holdings, which can influence investor confidence and stock stability.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of passive ownership by a large institutional investor, indicating no immediate red flags or significant changes in company control.
Analyst Insight
An investor should note BlackRock's passive stake as a sign of institutional interest, but also recognize that a 13G filing doesn't imply active management or a change in company strategy. It's a data point for understanding the shareholder base.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Assertio Holdings, Inc. (company) — the subject company whose stock is being reported
- 0001364742 (company) — Central Index Key (CIK) for BlackRock Inc.
- 0001808665 (company) — Central Index Key (CIK) for Assertio Holdings, Inc.
- December 31, 2023 (date) — the date of the event which requires the filing
- January 26, 2024 (date) — the filing date of the SC 13G
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically designated under Rule 13d-1(b), which indicates passive ownership by an institutional investor.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742, a major financial institution.
Which company's securities are the subject of this filing?
The subject company is Assertio Holdings, Inc., identified by CIK 0001808665, a pharmaceutical preparations company.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Assertio Holdings, Inc. is 04546C205.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 26, 2024 regarding Assertio Holdings, Inc. (ASRT).