SEGALL BRYANT & HAMILL AMENDS OFIX STAKE AS OF DEC 31, 2023
Ticker: OFIX · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 884624
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**SEGALL BRYANT & HAMILL just updated their OFIX holdings, keep an eye on institutional sentiment.**
AI Summary
SEGALL BRYANT & HAMILL, LLC filed an amended SC 13G/A on February 9, 2024, indicating a change in their ownership of Orthofix Medical Inc. (OFIX) common stock as of December 31, 2023. This filing is an amendment to a previous Schedule 13G, suggesting a potential adjustment in their passive investment stake. This matters to investors because it provides transparency into institutional ownership changes, which can sometimes signal shifts in market sentiment or investment strategies towards Orthofix Medical Inc.
Why It Matters
This filing shows an institutional investor, SEGALL BRYANT & HAMILL, LLC, has updated their position in Orthofix Medical Inc., which can influence investor perception and potentially the stock's liquidity.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk events for the company.
Analyst Insight
A smart investor would note this routine institutional update but await further details on the actual percentage of ownership or any significant changes in share count, which are not provided in this excerpt, before making any investment decisions.
Key Players & Entities
- Orthofix Medical Inc. (company) — the subject company whose securities are being reported
- SEGALL BRYANT & HAMILL, LLC (company) — the reporting person filing the SC 13G/A
- Paul Lythberg (person) — person authorized to receive notices for SEGALL BRYANT & HAMILL, LLC
- December 31, 2023 (date) — date of event requiring the filing
- February 9, 2024 (date) — date the filing was made
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own 5% or more of a company's stock. The '/A' indicates an amendment, meaning the reporting person, SEGALL BRYANT & HAMILL, LLC, is updating previously disclosed information regarding their ownership in Orthofix Medical Inc.
Who is the reporting person in this filing?
The reporting person in this filing is SEGALL BRYANT & HAMILL, LLC, a company with IRS Number 411788385 and incorporated in DE, located at 540 West Madison St, Suite 1900, Chicago, IL 60661.
What is the subject company whose shares are being reported?
The subject company is Orthofix Medical Inc. (OFIX), with CIK 0000884624, a surgical and medical instruments & apparatus company located at 3451 Plano Parkway, Lewisville, TX 75056.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as stated on the cover page of the filing.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Paul Lythberg regarding Orthofix Medical Inc. (OFIX).