BlackRock Amends NEWPARK Resources Stake (SC 13G/A)
Ticker: NPKI · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 71829
| Field | Detail |
|---|---|
| Company | Newpark Resources Inc (NPKI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its passive stake in NEWPARK RESOURCES, filed Jan 26, 2024.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in its ownership of NEWPARK RESOURCES INC common stock as of December 31, 2023. This filing, Amendment No. 16, updates their previous disclosures regarding their stake in the oil and gas machinery company. Investors should note BlackRock's continued significant, albeit potentially adjusted, passive ownership in NEWPARK RESOURCES INC, which can influence market perception and liquidity.
Why It Matters
This filing shows BlackRock's updated passive ownership in NEWPARK RESOURCES INC, signaling their ongoing interest and potentially influencing other institutional investors.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating passive ownership, which typically carries low direct risk.
Analyst Insight
Investors should monitor subsequent filings from BlackRock to understand any further changes in their stake, as large institutional holdings can impact stock liquidity and investor confidence.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- NEWPARK RESOURCES 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 date the SC 13G/A was filed
- Amendment No: 16 (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, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., with a business address at 50 Hudson Yards, New York, NY 10001.
What company's securities are the subject of this filing?
The subject company for this filing is NEWPARK RESOURCES INC, which operates in the Oil & Gas Filed Machinery & Equipment industry.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
What is the CUSIP Number for the securities mentioned in the filing?
The CUSIP Number for the Common Stock of NEWPARK RESOURCES INC is 651718504.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding NEWPARK RESOURCES INC (NPKI).