BlackRock Amends NEOGEN Stake, Signals Continued Institutional Interest
Ticker: NEOG · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 711377
| Field | Detail |
|---|---|
| Company | Neogen Corp (NEOG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its NEOGEN CORP stake, showing continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of NEOGEN CORP's Common Stock as of December 31, 2023. This is the 16th amendment to their filing, showing BlackRock continues to be a significant institutional holder. For investors, this matters because large institutional ownership by a firm like BlackRock can signal confidence in the company's long-term prospects, potentially influencing stock stability and investor sentiment.
Why It Matters
This filing shows BlackRock, a major institutional investor, is still a significant holder of NEOGEN CORP stock, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative risks for NEOGEN CORP.
Analyst Insight
An investor should note BlackRock's continued presence as a significant shareholder, but this routine amendment doesn't provide new information to warrant immediate action. It reinforces that NEOGEN CORP is on the radar of major institutional funds.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- NEOGEN CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- 640491106 (number) — the CUSIP number for NEOGEN CORP Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 16, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under 'Names of reporting persons' on the cover page.
What is the name of the issuer whose securities are being reported?
The name of the issuer is NEOGEN CORP, as indicated under 'Name of Issuer' in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the document.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of NEOGEN CORP is 640491106, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding NEOGEN CORP (NEOG).