Wasatch Advisors LP Discloses 5.7% Stake in Biomerica Inc.
Ticker: BMRA · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 73290
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, investment-adviser
TL;DR
**Wasatch Advisors LP just revealed a 5.7% stake in Biomerica, signaling institutional confidence.**
AI Summary
Wasatch Advisors LP, an investment adviser, reported on February 9, 2024, that it owns 953,264 shares of Biomerica, Inc. common stock, representing 5.7% of the company's outstanding shares. This significant stake gives Wasatch Advisors LP sole voting and dispositive power over these shares. This matters to investors because a major institutional investor taking a substantial position can signal confidence in the company's future prospects, potentially influencing other investors and the stock price.
Why It Matters
A large institutional investor like Wasatch Advisors LP acquiring a significant stake often indicates a belief in the company's long-term value, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, which is generally seen as a positive sign and reduces perceived risk.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating that Biomerica, Inc. is undervalued or has strong growth prospects, and might consider further research into the company's fundamentals.
Key Numbers
- 953,264 — Shares Owned (Represents the total number of Biomerica, Inc. common stock shares held by Wasatch Advisors LP.)
- 5.7% — Percent of Class Owned (Indicates the significant portion of Biomerica, Inc.'s outstanding common stock now controlled by Wasatch Advisors LP.)
Key Players & Entities
- Wasatch Advisors LP (company) — investment adviser and reporting person
- Biomerica, Inc. (company) — issuer of the securities
- 953,264 (dollar_amount) — number of shares owned
- 5.7% (dollar_amount) — percent of class owned
- February 9, 2024 (date) — filing date
Forward-Looking Statements
- Other institutional investors may increase their positions in Biomerica, Inc. following Wasatch Advisors LP's disclosure. (Biomerica, Inc.) — medium confidence, target: Within 6 months
- Biomerica, Inc.'s stock price could see a short-term positive reaction due to increased investor confidence. (Biomerica, Inc.) — medium confidence, target: Within 1 month
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Wasatch Advisors LP, an investment adviser registered under section 203 of the Investment Advisers Act of 1940, as stated in Item 3(e) and Item 1 of the filing.
What is the aggregate amount of Biomerica, Inc. common stock owned by Wasatch Advisors LP?
Wasatch Advisors LP owns an aggregate amount of 953,264 shares of Biomerica, Inc. common stock, as detailed in Item 9 and Item 4(a) of the filing.
What percentage of Biomerica, Inc.'s common stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 5.7% of the class of Biomerica, Inc. common stock, as reported in Item 11 and Item 4(b) of the filing.
Does Wasatch Advisors LP have sole or shared voting power over these shares?
Wasatch Advisors LP has sole voting power over all 953,264 shares and zero shared voting power, as indicated in Item 5 and Item 4(c)(i) of the filing.
What is the CUSIP number for Biomerica, Inc. common stock mentioned in the filing?
The CUSIP number for Biomerica, Inc. common stock is 09061H307, as stated in the 'Title of Class of Securities' section and Item 2(e).
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 regarding BIOMERICA INC (BMRA).