Bard Associates Holds 13.9% Stake in Duos Technologies (DUOT)
Ticker: DUOT · Form: SC 13G/A · Filed: Jan 4, 2024 · CIK: 1396536
| Field | Detail |
|---|---|
| Company | Duos Technologies Group, Inc. (DUOT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**Bard Associates still owns 13.9% of DUOT as of Dec 31, 2023.**
AI Summary
Bard Associates Inc. has filed an amended Schedule 13G/A for Duos Technologies Group, Inc. (DUOT), indicating their ownership of 1,000,000 shares of common stock as of December 31, 2023. This represents a 13.9% beneficial ownership stake in the company. This filing is an amendment, suggesting a change in their previously reported holdings, which is important for investors to track as it shows a significant institutional investor's continued, or potentially altered, conviction in the stock.
Why It Matters
This filing confirms a significant institutional investor, Bard Associates Inc., maintains a substantial 13.9% ownership in DUOT, signaling their continued interest and belief in the company's future.
Risk Assessment
Risk Level: low — This filing is an update on a significant shareholder's position, which generally carries low risk unless it indicates a major sell-off.
Analyst Insight
Investors should note that a major institutional holder, Bard Associates Inc., continues to hold a substantial 13.9% stake in DUOT as of December 31, 2023, which could be interpreted as a vote of confidence, but this filing alone doesn't indicate future buying or selling intentions.
Key Numbers
- 1,000,000 — Shares Beneficially Owned (Represents the total common stock shares of Duos Technologies Group, Inc. held by Bard Associates Inc. as of December 31, 2023.)
- 13.9% — Percentage of Class Owned (Indicates the significant stake Bard Associates Inc. holds in Duos Technologies Group, Inc., showing their conviction.)
Key Players & Entities
- Bard Associates Inc. (company) — the reporting person and beneficial owner of DUOS TECHNOLOGIES GROUP, INC. shares
- Duos Technologies Group, Inc. (company) — the subject company whose common stock is being reported
- 1,000,000 (dollar_amount) — number of shares beneficially owned by Bard Associates Inc.
- 13.9% (dollar_amount) — percentage of class beneficially owned by Bard Associates Inc.
- December 31, 2023 (date) — the date of the event requiring this filing
Forward-Looking Statements
- Bard Associates Inc. will likely maintain a significant stake in DUOT for the foreseeable future. (Bard Associates Inc.) — medium confidence, target: 2024-12-31
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by Bard Associates Inc., located at 135 S. LaSalle St., Suite 3700, Chicago, IL 60603.
What company's stock is the subject of this filing?
The subject company for this filing is Duos Technologies Group, Inc. (CIK: 0001396536), with its business address at 7660 Centurion Parkway, Suite 100, Jacksonville, FL 32256.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
How many shares of Duos Technologies Group, Inc. common stock does Bard Associates Inc. beneficially own?
Bard Associates Inc. beneficially owns 1,000,000 shares of Duos Technologies Group, Inc. common stock as reported in this filing.
What percentage of the class of securities does Bard Associates Inc. beneficially own?
Bard Associates Inc. beneficially owns 13.9% of the class of common stock of Duos Technologies Group, Inc.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 4, 2024 regarding DUOS TECHNOLOGIES GROUP, INC. (DUOT).