BlackRock Discloses 5.0% Passive Stake in ORTHOPEDIATRICS CORP
Ticker: KIDS · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1425450
| Field | Detail |
|---|---|
| Company | Orthopediatrics Corp (KIDS) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a 5.0% stake in ORTHOPEDIATRICS, a bullish sign for the stock.**
AI Summary
BlackRock, Inc. reported on January 31, 2024, that as of December 31, 2023, it beneficially owns 1,223,737 shares of ORTHOPEDIATRICS CORP (CUSIP 68752L100), representing 5.0% of the company's Common Stock. This filing indicates BlackRock's passive investment in the medical device company, signaling a significant, but non-controlling, stake. This matters to investors because BlackRock's substantial holding can lend credibility and stability to the stock, potentially influencing other institutional investors and providing a vote of confidence in ORTHOPEDIATRICS's long-term prospects.
Why It Matters
BlackRock's significant stake signals institutional confidence in ORTHOPEDIATRICS CORP, which could attract more investors and stabilize the stock price.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a major institutional investor, which generally reduces perceived risk for the stock.
Analyst Insight
A smart investor would view BlackRock's 5.0% passive stake as a positive signal, suggesting potential long-term value and stability for ORTHOPEDIATRICS CORP, and might consider further research into the company's fundamentals.
Key Numbers
- 1,223,737 — Shares Owned (BlackRock's total beneficial ownership in ORTHOPEDIATRICS CORP)
- 5.0% — Percentage of Class (BlackRock's ownership percentage of ORTHOPEDIATRICS CORP's Common Stock)
- December 31, 2023 — Event Date (The date as of which BlackRock's ownership stake was calculated)
Key Players & Entities
- BlackRock, Inc. (company) — reporting person, institutional investor
- ORTHOPEDIATRICS CORP (company) — subject company, medical device manufacturer
- 1,223,737 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of class outstanding owned by BlackRock
- December 31, 2023 (person) — date of event requiring the filing
- January 31, 2024 (person) — filing date
Forward-Looking Statements
- ORTHOPEDIATRICS CORP's stock price will experience increased stability due to BlackRock's passive investment. (ORTHOPEDIATRICS CORP) — medium confidence, target: Q2 2024
- Other institutional investors may initiate or increase their positions in ORTHOPEDIATRICS CORP, following BlackRock's disclosure. (ORTHOPEDIATRICS CORP) — medium confidence, target: Q3 2024
FAQ
What is the specific CUSIP number for ORTHOPEDIATRICS CORP's Common Stock mentioned in this filing?
The CUSIP number for ORTHOPEDIATRICS CORP's Common Stock is 68752L100, as stated in the filing.
What rule under the Securities Exchange Act of 1934 is BlackRock, Inc. filing this Schedule 13G under?
BlackRock, Inc. is filing this Schedule 13G under Rule 13d-1(b), indicated by the 'X' in the appropriate box on the cover page.
What is the business address of the subject company, ORTHOPEDIATRICS CORP?
The business address for ORTHOPEDIATRICS CORP is 2850 FRONTIER DRIVE, WARSAW, IN 46582, according to the 'BUSINESS ADDRESS' section of the filing.
What is the Standard Industrial Classification (SIC) for BlackRock, Inc. as listed in this filing?
BlackRock, Inc.'s Standard Industrial Classification (SIC) is SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211], as detailed in the 'COMPANY DATA' section for the filer.
What was the date of the event that required BlackRock, Inc. to file this statement?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by December 31, 2023 regarding ORTHOPEDIATRICS CORP (KIDS).