BlackRock Adjusts BUILD-A-BEAR Stake to 7.6%
Ticker: BBW · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1113809
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**BlackRock trimmed its Build-A-Bear stake to 7.6%.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating a change in its ownership stake in BUILD-A-BEAR WORKSHOP INC. As of December 31, 2023, BlackRock reported beneficial ownership of 1,086,364 shares of Common Stock, representing 7.6% of the company. This is an update to their previous filing, showing a slight decrease from their prior reported stake, which matters to investors as it signals BlackRock's adjusted confidence in the company's future performance.
Why It Matters
This filing shows BlackRock, a major institutional investor, has slightly reduced its stake in Build-A-Bear, which could be interpreted as a minor shift in their investment outlook for the company.
Risk Assessment
Risk Level: low — A minor adjustment by an institutional investor like BlackRock typically doesn't pose a significant immediate risk to the stock.
Analyst Insight
Investors should note BlackRock's slight reduction in stake, but recognize that a 7.6% holding still signifies a substantial, long-term institutional interest in Build-A-Bear.
Key Numbers
- 1,086,364 — Shares Beneficially Owned (Represents BlackRock's total ownership in BUILD-A-BEAR WORKSHOP INC as of December 31, 2023.)
- 7.6% — Percentage of Class (Indicates BlackRock's significant, but slightly reduced, influence over BUILD-A-BEAR WORKSHOP INC.)
- December 31, 2023 — Reporting Date (The snapshot date for the ownership information provided in the filing.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- BUILD-A-BEAR WORKSHOP INC (company) — the subject company whose shares are being reported
- 1,086,364 (dollar_amount) — number of shares beneficially owned by BlackRock
- 7.6% (dollar_amount) — percentage of BUILD-A-BEAR WORKSHOP INC's common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant, but not controlling, stake in BUILD-A-BEAR WORKSHOP INC. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 1) by BlackRock Inc. to report its beneficial ownership of Common Stock in BUILD-A-BEAR WORKSHOP INC as of December 31, 2023, 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., a security brokers, dealers & flotation company based at 50 Hudson Yards, New York, NY 10001.
What is the subject company of this filing?
The subject company is BUILD-A-BEAR WORKSHOP INC, a retail-hobby, toy & game shop located at 415 S. 18th Street, Suite 200, St Louis, MO 63103.
How many shares of BUILD-A-BEAR WORKSHOP INC Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 1,086,364 shares of BUILD-A-BEAR WORKSHOP INC Common Stock as reported on December 31, 2023.
What percentage of BUILD-A-BEAR WORKSHOP INC's Common Stock does BlackRock Inc.'s ownership represent?
BlackRock Inc.'s beneficial ownership of 1,086,364 shares represents 7.6% of BUILD-A-BEAR WORKSHOP INC's Common Stock.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding BUILD-A-BEAR WORKSHOP INC (BBW).