Grace & White Amends OESX Stake, Maintains Significant Position
Ticker: OESX · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1409375
| Field | Detail |
|---|---|
| Company | Orion Energy Systems, Inc. (OESX) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Grace & White still owns a big chunk of OESX, signaling continued institutional confidence.**
AI Summary
Grace & White, Inc. filed an amended Schedule 13G/A on February 5, 2024, indicating their beneficial ownership of Orion Energy Systems, Inc. (OESX) common stock as of December 31, 2023. This amendment updates their previous filing, confirming their continued significant stake in the company. This matters to investors because Grace & White, Inc. is a substantial institutional holder, and their ongoing position suggests confidence in OESX's future, potentially influencing other investors.
Why It Matters
This filing shows that a major institutional investor, Grace & White, Inc., continues to hold a significant stake in Orion Energy Systems, Inc., which can be seen as a vote of confidence in the company's prospects.
Risk Assessment
Risk Level: low — This filing is an amendment confirming an existing significant ownership, not a new large acquisition or a complete divestment, indicating stability rather than immediate risk.
Analyst Insight
An investor might view this as a sign of stability, as a major institutional holder is maintaining its position, but should still conduct their own due diligence on Orion Energy Systems, Inc.'s fundamentals.
Key Players & Entities
- Grace & White, Inc. (company) — the reporting person and beneficial owner
- Orion Energy Systems, Inc. (company) — the subject company whose securities are being reported
- 13-2884675 (number) — IRS Identification No. of Grace & White, Inc.
- 686275108 (number) — CUSIP Number for Orion Energy Systems, Inc. Common Stock
- December 31, 2023 (date) — the date as of which the beneficial ownership is reported
Forward-Looking Statements
- Grace & White, Inc. will maintain a significant, passive stake in Orion Energy Systems, Inc. for the foreseeable future. (Grace & White, Inc.) — high confidence, target: Q4 2024
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor beneficially owns more than 5% of a company's stock and is updating previous information, as stated in the 'SCHEDULE 13G/A (Amendment No.1)' section.
Who is the reporting person in this filing?
The reporting person is GRACE & WHITE, INC., as clearly stated under 'NAME OF REPORTING PERSON 1' on page 2 of the filing.
What is the subject company whose shares are being reported?
The subject company is Orion Energy Systems, Inc., as identified under 'Name of Issuer' on page 1 of the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock, no par value, of Orion Energy Systems, Inc. is 686275108, as listed on page 1 of the filing.
What was the 'as of' date for the information contained in this amendment?
The information in this amendment is 'as of' December 31, 2023, as indicated in the 'SCHEDULE 13G/A 12/31/23' section and the 'DATE AS OF CHANGE: 20240205' in the header.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 5, 2024 regarding ORION ENERGY SYSTEMS, INC. (OESX).