BlackRock Amends OCEANFIRST FINANCIAL CORP Stake (13G/A)
Ticker: OCFC · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1004702
| Field | Detail |
|---|---|
| Company | Oceanfirst Financial CORP (OCFC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in OceanFirst Financial Corp.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership of OCEANFIRST FINANCIAL CORP's common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or strategy regarding OCEANFIRST FINANCIAL CORP.
Why It Matters
This filing shows BlackRock's updated passive ownership in OceanFirst Financial Corp, providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk.
Analyst Insight
Investors should note that BlackRock continues to hold a position in OceanFirst Financial Corp, indicating ongoing institutional interest, but this filing alone doesn't suggest a change in investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- OCEANFIRST FINANCIAL CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 14, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as clearly identified in the 'FILED BY' section and on the cover page of the filing.
What is the subject company of this filing?
The subject company is OCEANFIRST FINANCIAL CORP, as indicated in the 'SUBJECT COMPANY' section and on the cover page of the filing.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of OCEANFIRST FINANCIAL CORP is 675234108, as listed on the cover page of the filing.
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 on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding OCEANFIRST FINANCIAL CORP (OCFC).