Topline Capital Management Updates Paysign (PSIQ) Stake
Ticker: PAYS · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1496443
| Field | Detail |
|---|---|
| Company | Paysign, Inc. (PAYS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: PSIQ
TL;DR
**Topline Capital Management updated its Paysign (PSIQ) holdings, signaling continued institutional interest.**
AI Summary
Topline Capital Management, LLC, a California-based investment firm, has updated its holdings in Paysign, Inc. (PSIQ) as of December 31, 2023. This amendment (SC 13G/A) indicates that Topline Capital Management, LLC, along with group members COLLIN MCBIRNEY and TOPLINE CAPITAL PARTNERS, LP, continues to hold a significant stake in Paysign. This matters to investors because large institutional holdings can signal confidence in the company's future, but any future changes in their position could impact stock price volatility.
Why It Matters
Significant institutional ownership by firms like Topline Capital Management can influence a stock's stability and investor perception, making their updated filings important for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is an amendment to an existing disclosure, indicating a routine update rather than a new, potentially disruptive event.
Analyst Insight
Investors should note the continued institutional interest in Paysign (PSIQ) from Topline Capital Management, but this filing alone doesn't suggest an immediate buy or sell action. It's a routine update, not a new position or significant change.
Key Players & Entities
- Topline Capital Management, LLC (company) — the reporting person filing the SC 13G/A
- Paysign, Inc. (company) — the issuer whose securities are being reported
- COLLIN MCBIRNEY (person) — a group member associated with the reporting entity
- TOPLINE CAPITAL PARTNERS, LP (company) — a group member associated with the reporting entity
- December 31, 2023 (date) — the date of the event requiring the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is Paysign, Inc., with a Central Index Key (CIK) of 0001496443 and CUSIP Number 70451A104.
Who is the reporting person for this filing?
The reporting person is Topline Capital Management, LLC, a company incorporated in California with CIK 0001792549.
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.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(c), as indicated by the checked box on the cover page.
Filing Stats: 1,223 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2024-02-12 12:36:58
Key Financial Figures
- $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
Filing Documents
- d26199dsc13ga.htm (SC 13G/A) — 57KB
- d26199dex99a.htm (EX-99.A) — 4KB
- 0001193125-24-031588.txt ( ) — 63KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Dated: February 12, 2024 TOPLINE CAPITAL MANAGEMENT, LLC By: /s/ Collin McBirney Collin McBirney Managing Member TOPLINE CAPITAL PARTNERS, LP By: Topline Capital Management, LLC, its general partner By: /s/ Collin McBirney Collin McBirney Managing Member COLLIN MCBIRNEY /s/ Collin McBirney 8 EXHIBIT LIST Exhibit A Joint Filing Undertaking