BlackRock Amends Griffon Corp. Stake, Signals Continued Institutional Interest
Ticker: GFF · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 50725
| Field | Detail |
|---|---|
| Company | Griffon CORP (GFF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Griffon Corp. stake, confirming its continued institutional holding.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in their ownership of Griffon Corporation's Common Stock as of December 31, 2023. This is the 17th amendment to their filing, showing that BlackRock continues to be a significant institutional holder in Griffon Corp. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects, potentially influencing stock stability and liquidity.
Why It Matters
This filing shows BlackRock's updated position in Griffon Corp., providing transparency on significant institutional ownership which can impact investor sentiment and stock performance.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative or positive risk.
Analyst Insight
Smart investors should note BlackRock's continued presence as a significant shareholder in Griffon Corp., which can be a positive signal of institutional confidence, but should also conduct their own due diligence on Griffon's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- GRIFFON CORPORATION (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 17 (number) — indicates this is the seventeenth amendment to BlackRock's Schedule 13G filing for Griffon Corp.
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 (Amendment No: 17)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is GRIFFON CORPORATION, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRIFFON CORP' and 'GRIFFON CORPORATION (Name of Issuer)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Griffon Corporation is 398433102, as listed under 'CUSIP No. 398433102' and '(CUSIP Number)'.
When was the event that required this filing?
The event which required the filing of this statement occurred on December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding GRIFFON CORP (GFF).