River Road Asset Management Maintains Passive Stake in ePlus Inc.
Ticker: PLUS · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1022408
| Field | Detail |
|---|---|
| Company | Eplus Inc (PLUS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**River Road Asset Management still holds ePlus stock, signaling continued institutional confidence.**
AI Summary
River Road Asset Management, LLC, an investment firm, filed an amended Schedule 13G/A on January 30, 2024, indicating their ownership in ePlus inc. This filing updates their previous disclosures, showing their continued passive investment in the company's common stock as of December 31, 2023. This matters to investors because it confirms a significant institutional holder's ongoing stake, suggesting confidence in ePlus inc. from a professional money manager.
Why It Matters
This filing confirms that a major institutional investor, River Road Asset Management, LLC, continues to hold a position in ePlus inc., which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
An investor should note that River Road Asset Management, LLC continues to hold a passive stake in ePlus inc. This is a routine update and doesn't suggest any immediate action, but it confirms institutional interest in the company.
Key Players & Entities
- River Road Asset Management, LLC (company) — the entity filing the SC 13G/A, reporting its ownership in ePlus inc.
- ePlus inc. (company) — the subject company whose common stock is being reported on
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 30, 2024 (date) — the date the SC 13G/A amendment was filed
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. 3, as stated on the cover page.
Who is the reporting person in this filing?
The reporting person is River Road Asset Management, LLC, as identified in Item 1 of the cover page and the 'FILED BY' section.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of ePlus inc. is 294268107, as listed on the cover page of the filing.
What is the date of the event that triggered this filing?
The date of the event which required the filing of this statement is December 31, 2023, as specified on the cover page.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), 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 January 30, 2024 regarding EPLUS INC (PLUS).