Bard Associates Discloses 5.0% Stake in Polar Power
Ticker: POLA · Form: SC 13G · Filed: Jan 4, 2024 · CIK: 1622345
| Field | Detail |
|---|---|
| Company | Polar Power, Inc. (POLA) |
| Form Type | SC 13G |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, stake-disclosure, SC-13G
TL;DR
**Bard Associates just revealed a 5.0% stake in Polar Power.**
AI Summary
Bard Associates, Inc. reported on January 4, 2024, that as of December 31, 2023, they beneficially own 5.0% of Polar Power, Inc.'s common stock. This filing indicates a significant, but not controlling, stake by an institutional investor. For current or prospective shareholders, this shows that a professional investment firm sees value in Polar Power, which could be a positive signal, but it doesn't necessarily mean the stock will go up.
Why It Matters
This filing reveals a notable institutional investor, Bard Associates, has taken a 5.0% position in Polar Power, signaling their belief in the company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an institutional ownership stake and does not inherently present significant new risks.
Analyst Insight
An investor might view this as a vote of confidence from an institutional investor, prompting further research into Polar Power's fundamentals and recent performance to understand Bard Associates' rationale.
Key Numbers
- 5.0% — Beneficial Ownership (Percentage of Polar Power, Inc. common stock owned by Bard Associates, Inc.)
Key Players & Entities
- Bard Associates, Inc. (company) — the reporting person and institutional investor
- Polar Power, Inc. (company) — the subject company whose stock is being reported
- 5.0% (dollar_amount) — the percentage of common stock beneficially owned by Bard Associates, Inc.
- December 31, 2023 (date) — the date of the event which required the filing
- January 4, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- Bard Associates, Inc. will maintain or slightly increase its stake in Polar Power, Inc. over the next 6-12 months. (Bard Associates, Inc.) — medium confidence, target: 2025-01-04
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by Bard Associates, Inc., an institutional investor based in Chicago, IL, with IRS Identification No. 36-3452497.
What company's stock is the subject of this filing?
The subject company of this filing is Polar Power, Inc., a company with CIK 0001622345, based in Gardena, CA, and operating in the Miscellaneous Electrical Machinery, Equipment & Supplies industry.
What percentage of Polar Power, Inc.'s common stock does Bard Associates, Inc. beneficially own?
As of December 31, 2023, Bard Associates, Inc. beneficially owns 5.0% of Polar Power, Inc.'s common stock.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'x' in the appropriate box.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 4, 2024 regarding Polar Power, Inc. (POLA).