Private Capital Management Discloses Passive Stake in Harrow, Inc.

TL;DR

**Big money just bought into Harrow, Inc. passively.**

AI Summary

Private Capital Management, LLC, a Delaware-based investment firm, has filed an SC 13G indicating its ownership of Harrow, Inc. common stock as of December 31, 2023. This filing, made under Rule 13d-1(b), signifies that Private Capital Management holds a significant, but passive, stake in Harrow, Inc. (formerly Harrow Health, Inc.), a pharmaceutical preparations company. For investors, this matters because it signals a notable institutional investor sees value in Harrow, Inc., potentially lending credibility to the stock, though the exact percentage of ownership is not detailed in the provided excerpt.

Why It Matters

This filing shows a large institutional investor, Private Capital Management, LLC, has taken a significant, passive position in Harrow, Inc., which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This filing indicates a passive investment, suggesting no immediate intent to influence company management, which typically poses low risk to existing shareholders.

Analyst Insight

A smart investor would view this as a positive signal, indicating institutional confidence in Harrow, Inc., and might consider further research into the company's fundamentals and recent performance.

Key Numbers

• 415858109 — CUSIP Number (identifies Harrow, Inc.'s common stock)
• 0001360214 — Central Index Key (CIK) (identifies Harrow, Inc.)
• 0001588456 — Central Index Key (CIK) (identifies Private Capital Management, LLC)

Key Players & Entities

• Private Capital Management, LLC (company) — the reporting person and institutional investor
• Harrow, Inc. (company) — the subject company and issuer of the securities
• Harrow Health, Inc. (company) — former name of Harrow, Inc.
• Imprimis Pharmaceuticals, Inc. (company) — former name of Harrow, Inc.
• TRANSDEL PHARMACEUTICALS INC (company) — former name of Harrow, Inc.
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Harrow, Inc. stock may experience increased investor interest due to institutional backing. (Harrow, Inc.) — medium confidence, target: Q1 2024
• Private Capital Management, LLC will maintain its passive stake in Harrow, Inc. for the foreseeable future. (Private Capital Management, LLC) — high confidence, target: End of 2024

FAQ

Filing Documents

• e1219230sc13g.htm (SC 13G) — 41KB
• 0001214659-24-000458.txt ( ) — 43KB

(a)

Item 1(a). Name of Issuer: Harrow, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 102 Woodmont Blvd., Suite 610, Nashville, TN 37205

(a)

Item 2(a). Name of Person Filing: Private Capital Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 8889 Pelican Bay Boulevard, Suite 500, Naples, Florida 34108

(c)

Item 2(c). Citizenship: USA

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 415858109 Page 3 of 6 pages Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under Section 15 of the Act; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) x Investment company registered under Section 8 of the Investment Company Act of 1940; (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) ; (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) ; (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) ; (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) ¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J) ; (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K) . If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned**: 3,630,496 (b) Percent of Class: 10.34% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 2,083,781 (ii) shared power to vote or to direct the vote*: 1,546,715 (iii) sole power to dispose or to direct the disposition of: 2,083,781 (iv) shared power to dispose or to direct the disposition of: 1,546,715 Page 4 of 6 pages Item 5. If this statement is being f

View Full Filing

View this SC 13G filing on SEC EDGAR