Topline Capital Management Holds 10.1% Stake in Greystone Logistics
Ticker: GLGI · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1088413
| Field | Detail |
|---|---|
| Company | Greystone Logistics, Inc. (GLGI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-holding
TL;DR
**Topline Capital Management still owns 10.1% of Greystone Logistics, a bullish sign.**
AI Summary
Topline Capital Management, LLC, a California-based investment firm, has updated its ownership stake in Greystone Logistics, Inc. (NASDAQ: GLGI) as of December 31, 2023. The firm now beneficially owns 2,804,401 shares of Greystone's Common Stock, representing 10.1% of the company. This filing indicates a significant, but not controlling, stake, suggesting Topline Capital Management sees long-term value in Greystone Logistics.
Why It Matters
This filing shows a major institutional investor maintains a substantial position in Greystone Logistics, which can signal confidence to other investors and potentially influence stock stability.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, indicating a stable, significant ownership stake rather than a new, volatile position.
Analyst Insight
An investor might view this as a sign of stability, as a significant institutional holder is maintaining its position, but should still conduct their own due diligence on Greystone Logistics' fundamentals.
Key Numbers
- 2,804,401 — Shares Beneficially Owned (Represents the total shares Topline Capital Management, LLC holds in Greystone Logistics, Inc.)
- 10.1% — Ownership Percentage (Indicates the significant portion of Greystone Logistics, Inc. owned by Topline Capital Management, LLC.)
- 39807A100 — CUSIP Number (Unique identifier for Greystone Logistics, Inc.'s Common Stock.)
- December 31, 2023 — Event Date (The date as of which the ownership stake is being reported.)
Key Players & Entities
- Topline Capital Management, LLC (company) — reporting person, beneficial owner of shares
- Greystone Logistics, Inc. (company) — subject company, issuer of securities
- 2,804,401 (dollar_amount) — number of shares beneficially owned by Topline Capital Management, LLC
- December 31, 2023 (date) — date of event requiring the filing
- California (company) — place of organization for Topline Capital Management, LLC
Forward-Looking Statements
- Topline Capital Management, LLC will maintain a significant stake in Greystone Logistics, Inc. for the foreseeable future. (Topline Capital Management, LLC) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Topline Capital Management, LLC, as stated in item 1 of the cover page and the 'FILED BY' section.
What is the subject company whose securities are being reported on?
The subject company is Greystone Logistics, Inc., as identified in the 'SUBJECT COMPANY' section and the 'Name of Issuer' on the Schedule 13G.
How many shares of Greystone Logistics, Inc. Common Stock does Topline Capital Management, LLC beneficially own?
Topline Capital Management, LLC beneficially owns 2,804,401 shares of Greystone Logistics, Inc. Common Stock, as reported in item 5 and 7 of the cover page.
What is the CUSIP number for the class of securities reported in this filing?
The CUSIP number for the Common Stock, $0.0001 par value, of Greystone Logistics, Inc. is 39807A100, as listed on the Schedule 13G.
What was the date of the event which required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the Schedule 13G.
Filing Stats: 1,225 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2024-02-12 12:36:58
Key Financial Figures
- $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti
Filing Documents
- d534480dsc13ga.htm (SC 13G/A) — 60KB
- d534480dex99a.htm (EX-99.A) — 4KB
- 0001193125-24-031587.txt ( ) — 65KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Dated: February 12, 2024 TOPLINE CAPITAL MANAGEMENT, LLC By: /s/ Collin McBirney Collin McBirney Managing Member TOPLINE CAPITAL PARTNERS, LP By: Topline Capital Management, LLC, its general partner By: /s/ Collin McBirney Collin McBirney Managing Member COLLIN MCBIRNEY /s/ Collin McBirney 8 EXHIBIT LIST Exhibit A Joint Filing Undertaking