Bard Associates Updates Passive Stake in Data Storage Corp (DTST)
Ticker: DTSTW · Form: SC 13G/A · Filed: Jan 4, 2024 · CIK: 1419951
| Field | Detail |
|---|---|
| Company | Data Storage Corp (DTSTW) |
| Form Type | SC 13G/A |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Bard Associates still owns DTST shares, signaling continued institutional interest.**
AI Summary
Bard Associates, Inc. filed an amended Schedule 13G/A on January 4, 2024, indicating their ownership of Data Storage Corp (DTST) common stock and warrants as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, investment in the company. This matters to investors because it shows a professional investment firm maintains a position in DTST, suggesting confidence in the company's long-term prospects, even if the exact percentage of ownership isn't detailed in this snippet.
Why It Matters
This filing confirms a professional investment firm, Bard Associates, Inc., continues to hold a position in Data Storage Corp, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor, indicating a passive stake, which generally poses low risk.
Analyst Insight
Investors should note that a professional firm like Bard Associates, Inc. continues to hold a stake, but this filing alone doesn't provide details on the size of the stake or any change, so further due diligence on DTST's fundamentals is warranted.
Key Numbers
- 23786R201 — CUSIP Number (identifies the specific securities (Common Stock, Warrants) of Data Storage Corp)
- 36-3452497 — IRS Identification Number (identifies Bard Associates, Inc.)
Key Players & Entities
- Bard Associates, Inc. (company) — the reporting person and institutional investor
- Data Storage Corp (company) — the subject company whose securities are being reported
- 06 Technology (company) — organization name associated with Data Storage Corp
- Euro Trend Inc. (company) — former name of Data Storage Corp
- December 31, 2023 (date) — the date of the event requiring the filing
- January 4, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Bard Associates, Inc. will maintain a passive investment strategy in Data Storage Corp. (Bard Associates, Inc.) — high confidence, target: next 12 months
FAQ
What type of securities of Data Storage Corp are covered by this filing?
This filing covers 'Common Stock, Warrants' of Data Storage Corp, as stated under the 'Title of Class of Securities' section.
Who is the entity filing this Schedule 13G/A amendment?
The entity filing this Schedule 13G/A amendment is Bard Associates, Inc., identified as the 'Names of Reporting Persons' and 'COMPANY CONFORMED NAME' under the 'FILED BY' section.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the filing.
Under which SEC rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), indicated by the 'x' next to '[ x ] Rule 13d-1(b)'.
What is the CUSIP number for the securities of Data Storage Corp mentioned in this filing?
The CUSIP number for the securities of Data Storage Corp is 23786R201, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 4, 2024 regarding Data Storage Corp (DTSTW).