Tocqueville Asset Management Updates Coda Octopus Group Stake
Ticker: CODA · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1334325
| Field | Detail |
|---|---|
| Company | Coda Octopus Group, INC. (CODA) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
TL;DR
**Tocqueville Asset Management just updated their Coda Octopus Group stake, watch for market reaction.**
AI Summary
Tocqueville Asset Management LP, an investment firm based in New York, filed an amended SC 13G/A on February 12, 2024, indicating a change in their beneficial ownership of Coda Octopus Group, Inc. common stock as of December 31, 2023. This filing updates their previous disclosures, signaling a potential adjustment in their investment strategy or a rebalancing of their portfolio. For investors, this matters because significant changes in institutional ownership can influence stock price and reflect a major investor's confidence (or lack thereof) in the company's future prospects.
Why It Matters
Changes in institutional ownership can signal shifts in market sentiment or a major investor's view on a company's future, potentially impacting stock price and investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and doesn't inherently indicate high risk, though changes in ownership can influence stock volatility.
Analyst Insight
Investors should monitor subsequent filings from Tocqueville Asset Management LP to understand the extent of any changes in their Coda Octopus Group, Inc. holdings and consider if this aligns with their own investment thesis.
Key Players & Entities
- Tocqueville Asset Management LP (company) — the reporting person filing the SC 13G/A
- Coda Octopus Group, Inc. (company) — the issuer whose securities are being reported
- Delaware (company) — state of incorporation for Tocqueville Asset Management LP
- December 31, 2023 (date) — date of event which requires filing of this statement
- February 12, 2024 (date) — date the SC 13G/A was filed
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 indicated by 'FORM TYPE: SC 13G/A' in the filing values.
Who is the reporting person in this filing?
The reporting person is Tocqueville Asset Management LP, as stated under 'NAME OF REPORTING PERSONS' on the cover page.
What is the name of the issuer whose securities are being reported?
The issuer is Coda Octopus Group, Inc., as specified under 'Name of Issuer' on the cover page.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Coda Octopus Group, Inc. is 19188U206, as listed on the cover page.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page.
Filing Stats: 2,053 words · 8 min read · ~7 pages · Grade level 8.2 · Accepted 2024-02-12 21:14:55
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- d10966707_13g-a.htm (SC 13G/A) — 117KB
- 0000919574-24-000871.txt ( ) — 118KB
From the Filing
SC 13G/A 1 d10966707_13g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Coda Octopus Group, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 19188U206 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [_] Rule 13d-1(d) __________ *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No 19188U206 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tocqueville Asset Management LP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 588,897 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 588,897 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,897 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, PN CUSIP No 19188U206 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Taubenpost Capital L.P. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 588,897 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 588,897 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,897 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No 19188U206 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Taubenpost Capital LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 588,897 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 588,897 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,897 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC, OO CUSIP No 19188U206 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Donald Wang 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 588,897 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 588,897 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,897 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC CUSIP No 19188U206 Item 1. (a). Name of Issuer: Coda Octopus Group, Inc. (b). Address of Issuer’s Principal Executive Offices: 3300 S Hiawassee Rd Suite 104-105 Orlando, Florida, 32835 Item 2. (a). Name of Person Filing: Tocqueville Asset Management LP Taubenpost Capital L.P. Taubenpost Capital LLC Donald Wang (b). Address of Principal Business Office, or if None, Residence: Tocqueville Asset Management LP 40 West 57th Street, 19th Floor New York, NY 10019 (c) Citizenship: Tocqueville Asset Mana