BlackRock Amends Camden National Corp. Stake, Filing 13G/A
Ticker: CAC · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 750686
| Field | Detail |
|---|---|
| Company | Camden National Corp (CAC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Camden National Corp. via a 13G/A.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of Camden National Corporation's common stock as of December 31, 2023. This filing, Amendment No. 7, updates previous disclosures about BlackRock's passive investment in the bank. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding Camden National Corp.
Why It Matters
This filing shows BlackRock's updated position in Camden National Corp., which can influence market perception and potentially the stock price due to the size and influence of BlackRock.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant, passive shareholder, but this filing alone doesn't suggest a need for immediate action. It's a routine update reflecting an institutional investor's position.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Camden National Corporation (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Camden National Corporation. (BlackRock Inc.) — high confidence, target: Next 12 months
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: 7)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and 'Names of reporting persons. BlackRock, Inc.'
What is the subject company (issuer) of the securities?
The subject company, or issuer, is CAMDEN NATIONAL CORPORATION, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAMDEN NATIONAL CORP' and 'CAMDEN NATIONAL CORPORATION (Name of Issuer)'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Camden National Corporation is 133034108, as listed under 'CUSIP No. 133034108'.
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: December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding CAMDEN NATIONAL CORP (CAC).