BlackRock Amends Ollie's Bargain Outlet Stake to 12.0%
Ticker: OLLI · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1639300
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, retail
TL;DR
**BlackRock still owns a big chunk of Ollie's, showing continued institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in Ollie's Bargain Outlet Holdings, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 7,377,740 shares of common stock, representing 12.0% of the company's outstanding shares. This is an amendment (Amendment No. 9), indicating a change from their previous filing, and it matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the stock's future performance.
Why It Matters
This filing shows BlackRock's updated position in Ollie's Bargain Outlet, indicating their continued significant investment in the company, which can influence other investors' perceptions and decisions.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued substantial stake, as it signals institutional confidence, but this filing alone doesn't suggest an immediate buy or sell action. It's a data point for long-term conviction.
Key Numbers
- 7,377,740 — Shares Beneficially Owned (This is the total number of Ollie's Bargain Outlet shares BlackRock reported owning as of December 31, 2023.)
- 12.0% — Percentage of Class (This represents BlackRock's significant ownership stake in Ollie's Bargain Outlet, indicating a major institutional position.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Ollie's Bargain Outlet Holdings, Inc. (company) — the subject company whose shares are being reported
- 7,377,740 (dollar_amount) — number of shares beneficially owned by BlackRock
- 12.0% (dollar_amount) — percentage of common stock beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in Ollie's Bargain Outlet Holdings, Inc. for the foreseeable future. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
BlackRock, Inc. filed this SC 13G/A amendment regarding its holdings in Ollie's Bargain Outlet Holdings, Inc.
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 institutional investors who acquire more than 5% of a company's stock but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating the ownership information.
As of what date is the ownership information in this filing accurate?
The ownership information in this filing is accurate as of December 31, 2023, which is stated as the 'Date of Event Which Requires Filing of this Statement'.
How many shares of Ollie's Bargain Outlet Holdings, Inc. does BlackRock, Inc. beneficially own according to this filing?
BlackRock, Inc. beneficially owns 7,377,740 shares of Common Stock of Ollie's Bargain Outlet Holdings, Inc. as reported in this filing.
What percentage of Ollie's Bargain Outlet Holdings, Inc.'s common stock does BlackRock, Inc. own?
BlackRock, Inc. owns 12.0% of the Common Stock of Ollie's Bargain Outlet Holdings, Inc. according to this SC 13G/A filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Ollie's Bargain Outlet Holdings, Inc. (OLLI).