BlackRock Updates Passive Stake in Badger Meter (BGI)
Ticker: BMI · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 9092
| Field | Detail |
|---|---|
| Company | Badger Meter Inc (BMI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**BlackRock's still holding Badger Meter, signaling continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of Badger Meter Inc. common stock as of December 31, 2023. This filing, Amendment No. 4, updates previous disclosures about BlackRock's passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal confidence or concern about Badger Meter's future performance.
Why It Matters
This filing shows BlackRock's continued significant, albeit passive, investment in Badger Meter, which can reassure other investors about the stock's stability and long-term prospects.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which generally poses low risk.
Analyst Insight
Investors should note BlackRock's continued passive stake, but this filing alone doesn't suggest immediate action. It's a routine disclosure of an institutional holding, not a change in investment strategy.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Badger Meter Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- 056525108 (other) — the CUSIP number for Badger Meter Inc. Common Stock
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 Under the Securities Exchange Act of 1934 (Amendment No: 4)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is BADGER METER INC, as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BADGER METER INC' section.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '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 indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding BADGER METER INC (BMI).