BlackRock Amends ScanSource Stake, Signals Continued Confidence
Ticker: SCSC · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 918965
| Field | Detail |
|---|---|
| Company | Scansource, Inc. (SCSC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: SCSC
TL;DR
**BlackRock still owns a big chunk of ScanSource, good sign for stability.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of SCANSOURCE, INC. (NASDAQ: SCSC) common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows BlackRock's continued significant, passive investment in ScanSource. This matters to investors because BlackRock, a major institutional investor, maintains a substantial stake, signaling its ongoing confidence in the company's long-term prospects, which can influence market perception and stability.
Why It Matters
BlackRock's continued significant ownership in ScanSource, Inc. suggests institutional confidence, which can provide a sense of stability and attract other investors to the stock.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional investment, which generally reduces volatility and risk for the stock.
Analyst Insight
Investors should note BlackRock's continued passive stake as a sign of institutional stability, but this filing alone doesn't suggest an immediate catalyst for price movement. It's a data point for long-term confidence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- SCANSOURCE, INC. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A amendment
- 806037107 (number) — the CUSIP number for ScanSource's Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 2' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is SCANSOURCE, INC., identified under 'Name of Issuer) SCANSOURCE INC' in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of ScanSource, Inc. is 806037107, as listed under 'CUSIP No. 806037107' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding SCANSOURCE, INC. (SCSC).