Kopin Amends 13G for Performance Shipping Inc. Shares
Ticker: PSHG · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1481241
| Field | Detail |
|---|---|
| Company | Performance Shipping Inc. (PSHG) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: beneficial-ownership, insider-filing, amendment
TL;DR
**Kopin updated his stake in Performance Shipping, watch for market reaction.**
AI Summary
Mitchell P. Kopin, a U.S. citizen, has filed an Amendment No. 2 to Schedule 13G for Performance Shipping Inc. as of December 31, 2023. This filing indicates a change in his beneficial ownership of the company's Common Shares, $0.01 par value per share. Investors should note this as it reflects a significant shareholder's updated position, which can influence market perception and potentially the stock's trading activity.
Why It Matters
This filing updates the public on a significant investor's stake in Performance Shipping Inc., which can signal confidence or concern and potentially impact the stock price.
Risk Assessment
Risk Level: low — This is a routine update on beneficial ownership and does not inherently pose a direct risk to the company or its investors.
Analyst Insight
Investors should monitor subsequent filings from Mitchell P. Kopin and the associated group for further changes in ownership, as significant increases or decreases could signal a shift in their outlook on Performance Shipping Inc.'s future.
Key Players & Entities
- Mitchell P. Kopin (person) — Reporting Person, U.S. Citizen
- Performance Shipping Inc. (company) — Subject Company, Issuer of Common Shares
- INTRACOASTAL CAPITAL, LLC (company) — Filing entity associated with the reporting group
- Daniel B. Asher (person) — Member of the reporting group
- $0.01 (dollar_amount) — par value per share of Common Shares
FAQ
What type of filing is this document?
This document is an Amendment No. 2 to Schedule 13G, filed under Rule 13d-1(c) of the Securities Exchange Act of 1934.
Who is the primary reporting person in this filing?
The primary reporting person identified in this filing is Mitchell P. Kopin, a citizen of the United States of America.
What is the name of the issuer whose securities are being reported?
The issuer is Performance Shipping Inc., which was formerly known as Diana Containerships Inc. until January 15, 2010.
What is the CUSIP number for the class of securities mentioned?
The CUSIP number for the Common Shares, $0.01 par value per share, of Performance Shipping Inc. is MHY673051543.
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.
Filing Stats: 1,135 words · 5 min read · ~4 pages · Grade level 8.3 · Accepted 2024-02-06 10:24:32
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Shares, $0.01 par value per share (Title of Class o
Filing Documents
- ea192889-13ga2intra_perfor.htm (SC 13G/A) — 53KB
- 0001213900-24-010330.txt ( ) — 55KB
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following þ . Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11. Page 5 of 6 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 6, 2024 /s/ Mitchell P. Kopin Mitchell P. Kopin /s/ Daniel B. Asher Daniel B. Asher Intracoastal Capital LLC By: /s/ Mitchell P. Kopin Mitchell P. Kopin, Manager Page 6 of 6