Private Capital Management Amends ASUR Stake on Dec 31, 2023
Ticker: ASUR · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 884144
| Field | Detail |
|---|---|
| Company | Asure Software INC (ASUR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Private Capital Management updated their ASUR stake as of year-end 2023.**
AI Summary
Private Capital Management, LLC, a Naples, FL-based investment firm, filed an amended Schedule 13G/A on February 5, 2024, indicating a change in their ownership of ASURE SOFTWARE INC (ASUR) common stock as of December 31, 2023. This amendment, their fifth, updates their previous disclosures regarding their passive investment in the company. This matters to investors because it provides transparency into significant institutional holdings and any shifts in their positions, which can influence market sentiment and the stock's perceived value.
Why It Matters
This filing shows an institutional investor's updated position, which can signal their ongoing confidence (or lack thereof) in ASURE SOFTWARE INC's future performance.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive investor, indicating no immediate high-risk actions or significant negative events.
Analyst Insight
Investors should note that Private Capital Management, LLC is a passive investor (Rule 13d-1(b)), meaning their stake is for investment purposes only and not to influence control. This filing updates their position as of year-end 2023, and further analysis would require comparing this amendment to their previous filings to understand the change in their holding percentage.
Key Players & Entities
- Private Capital Management, LLC (company) — the reporting person and institutional investor
- ASURE SOFTWARE INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- February 5, 2024 (date) — the filing date of the SC 13G/A
- Naples, FL (company) — location of Private Capital Management, LLC
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G/A' sections.
Who is the reporting person in this filing?
The reporting person is Private Capital Management, LLC, as identified under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Private Capital Management, LLC' and 'NAMES OF REPORTING PERSONS Private Capital Management, LLC'.
What is the subject company whose securities are being reported?
The subject company is ASURE SOFTWARE INC, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASURE SOFTWARE INC' and 'ASURE SOFTWARE, INC. (Name of Issuer)'.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified under 'December 31, 2023 (Date of Event Which Requires Filing of This Statement)'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of ASURE SOFTWARE, INC. is 04649U102, as stated under '04649U102 (CUSIP Number)' and 'CUSIP No. 04649U102'.
Filing Stats: 980 words · 4 min read · ~3 pages · Grade level 9.3 · Accepted 2024-02-05 16:22:56
Filing Documents
- asur25240sc13ga5.htm (SC 13G/A) — 38KB
- 0001214659-24-001929.txt ( ) — 40KB
(a)
Item 1(a). Name of Issuer: Asure Software, Inc.
(b)
Item 1(b). Address of Issuer’s Principal Executive Offices: 405 Colorado Street, Suite 1800, Austin, TX 78701
(a)
Item 2(a). Name of Person Filing: Private Capital Management, LLC
(b)
Item 2(b). Address of Principal Business Office or, if none, Residence: 8889 Pelican Bay Boulevard, Suite 500, Naples, Florida 34108
(c)
Item 2(c). Citizenship: USA
(d)
Item 2(d). Title of Class of Securities: Common Stock
(e)
Item 2(e). CUSIP Number: 04649U102 Page 3 of 6 pages Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) x Investment company registered under Section 8 of the Investment Company Act of 1940; (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned**: 4,248,231 (b) Percent of Class: 17.10% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,791,145 (ii) shared power to vote or to direct the vote*: 2,457,086 (iii) sole power to dispose or to direct the disposition of: 1,791,145 (iv) shared power to dispose or to direct the disposition of: 2,457,086 Page 4 of 6 pages Item 5. If this statement is being filed to report the fact that as of the date h