Brown Advisory Amends NEO Stake, Confirms Continued Investment
Ticker: NEO · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1077183
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-stake
TL;DR
**Brown Advisory still owns a chunk of NeoGenomics, signaling continued confidence.**
AI Summary
Brown Advisory Inc. filed an amended SC 13G/A on February 9, 2024, indicating its ownership of NeoGenomics, Inc. (NEO) shares as of December 31, 2023. This filing, an amendment to a previous disclosure, shows that Brown Advisory continues to hold a significant stake in NeoGenomics, a company specializing in testing laboratories. This matters to investors because it confirms a major institutional investor's continued confidence in NeoGenomics, suggesting stability or potential for growth, and could influence other investors' perceptions of the stock.
Why It Matters
This filing confirms a major institutional investor's ongoing commitment to NeoGenomics, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate negative or highly volatile events.
Analyst Insight
An investor should note that a significant institutional holder like Brown Advisory Inc. maintains its position, which could be interpreted as a vote of confidence in NeoGenomics, Inc. However, without details on the exact percentage of ownership or changes from the previous filing, the immediate impact is limited to confirming continued institutional interest.
Key Players & Entities
- Brown Advisory Inc. (company) — the institutional investor filing the SC 13G/A
- NeoGenomics, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 9, 2024 (date) — the date the SC 13G/A was filed
- Maryland (company) — state of incorporation for Brown Advisory Incorporated
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. 1' in the filing.
Who is the reporting person in this filing?
The reporting person is Brown Advisory Incorporated, identified by 'NAME OF REPORTING PERSON Brown Advisory Incorporated ("BAI")' in the filing.
What is the CUSIP number for NeoGenomics, Inc. securities mentioned in the filing?
The CUSIP number for NeoGenomics, Inc. is 64049M209, as stated under 'CUSIP No.: 64049M209' and 'Title of Class of Securities 64049M209 (CUSIP Number)'.
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'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)' in the filing.
Filing Stats: 1,420 words · 6 min read · ~5 pages · Grade level 10.4 · Accepted 2024-02-09 15:17:09
Filing Documents
- neoa1_20924.htm (SC 13G/A) — 40KB
- 0001085146-24-000980.txt ( ) — 42KB
(a)
ITEM 1(a). NAME OF ISSUER: NeoGenomics, Inc.
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
(a)
ITEM 2(a). NAME OF PERSON FILING: Brown Advisory Incorporated ("BAI") Brown Investment Advisory & Trust Company ("BIATC") Brown Advisory LLC (BALLC)
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 901 South Bond Street, Suite #400 Baltimore, Maryland 21231
(c)
ITEM 2(c). CITIZENSHIP: Brown Advisory Incorporated is a Maryland Corporation. Brown Investment Advisory & Trust Company is a Maryland Trust Company. Brown Advisory LLC is a Maryland Limited Liability Corporation.
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
(e)
ITEM 2(e). CUSIP NUMBER: 64049M209 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [X] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations 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 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: Brown Advisory Incorporated ("BAI") is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) Brown Investment Advisory & Trust Company ("BIATC") is a bank as defined in Section 3(a)(6) of the Act (15U.S.C.78c) Brown Advisory LLC ("BALLC") is an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E) ITEM 4. (a) Amount beneficially owned: 6,337,008 (b) Percent of class: 5% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Brown Advisory Incorporated ("BAI") - 8,248,003 Brown Investment Advisory & Tru