BlackRock Amends Helios Tech Stake: Passive Ownership Update
Ticker: HLIO · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1024795
| Field | Detail |
|---|---|
| Company | Helios Technologies, INC. (HLIO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment, ownership-change
TL;DR
**BlackRock just updated its passive stake in Helios Technologies.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in their ownership of Helios Technologies, Inc. common stock as of December 31, 2023. This update, Amendment No. 4, shows BlackRock's adjusted passive stake in the company. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future performance, potentially influencing other investors and the stock price.
Why It Matters
Large institutional investor BlackRock updating its stake can influence market sentiment and potentially impact Helios Technologies' stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate, significant risk to the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued passive interest in Helios Technologies, but this filing alone doesn't provide enough detail to warrant immediate action without reviewing the specific ownership percentages in the full filing.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Helios Technologies, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 4 (number) — the specific amendment number of the filing
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' and 'Amendment No: 4' in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY' section with 'COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are the subject of this filing?
The securities of HELIOS TECHNOLOGIES, INC. are the subject of this filing, as indicated by 'Name of Issuer: HELIOS TECHNOLOGIES, INC.'.
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, as specified in the filing under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Helios Technologies, Inc. is 42328H109, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding HELIOS TECHNOLOGIES, INC. (HLIO).