Royce & Associates Cuts NWPX Stake to 920,534 Shares
Ticker: NWPX · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1001385
| Field | Detail |
|---|---|
| Company | Northwest Pipe CO (NWPX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, stake-reduction, SC-13G/A, NWPX
TL;DR
**Royce & Associates just trimmed their NWPX stake to 920,534 shares, watch out!**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended Schedule 13G/A on January 24, 2024, indicating a change in their beneficial ownership of Northwest Pipe Company (NWPX) common stock as of December 31, 2023. They now solely own 920,534 shares, representing a decrease from their previous holdings. This matters to investors because it shows a significant institutional investor has reduced their stake, which could signal a less bullish outlook on NWPX's future performance.
Why It Matters
This filing reveals a major institutional investor, Royce & Associates, LP, has reduced its holdings in Northwest Pipe Company, potentially signaling a shift in their investment thesis or a less favorable outlook for the company.
Risk Assessment
Risk Level: medium — A significant institutional investor reducing its stake can indicate potential concerns about the company's future, posing a medium risk for current and prospective shareholders.
Analyst Insight
A smart investor would investigate the reasons behind Royce & Associates, LP's reduction in their NWPX stake and consider if this signals a broader negative sentiment or fundamental issues before making any investment decisions.
Key Numbers
- 920,534 — Shares Beneficially Owned (This is the total number of shares of Northwest Pipe Company common stock Royce & Associates, LP now solely owns, indicating a change in their investment position.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Northwest Pipe Company (company) — the issuer of the securities (NWPX)
- 920,534 (dollar_amount) — number of shares beneficially owned by Royce & Associates, LP
- December 31, 2023 (date) — date of the event requiring the filing
- January 24, 2024 (date) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- Royce & Associates, LP may continue to reduce its stake in Northwest Pipe Company over the next quarter. (Royce & Associates, LP) — medium confidence, target: Q2 2024
- The stock price of Northwest Pipe Company could experience downward pressure due to this institutional selling. (Northwest Pipe Company) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Royce & Associates, LP, as stated in the 'NAME OF REPORTING PERSON' section of the filing.
What is the name of the issuer whose securities are being reported on?
The issuer is Northwest Pipe Company, as identified under 'Name of Issuer' in the Schedule 13G.
How many shares of Northwest Pipe Company common stock does Royce & Associates, LP beneficially own with sole voting power?
Royce & Associates, LP beneficially owns 920,534 shares with sole voting power, as indicated in 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER'.
What was the date of the event that required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Northwest Pipe Company is 667746101, 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 NORTHWEST PIPE CO (NWPX).