Abrahamson Cuts SIFCO Stake to 9.0%, Now Owns 465,000 Shares
Ticker: SIF · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 90168
Complexity: simple
Sentiment: mixed
Topics: insider-selling, shareholder-update, ownership-change
TL;DR
**Abrahamson trimmed his SIFCO stake to 9.0%, holding 465,000 shares.**
AI Summary
Peter J. Abrahamson, an individual investor, filed an amended SC 13G/A on February 2, 2024, disclosing a beneficial ownership of 465,000 shares of SIFCO Industries Inc. common stock as of December 31, 2023. This represents 9.0% of the company's outstanding shares, a decrease from his previous filing. This matters to investors because it indicates a significant individual shareholder has reduced their stake, which could signal a change in their confidence or investment strategy regarding SIFCO.
Why It Matters
A notable individual investor, Peter J. Abrahamson, has reduced his ownership percentage in SIFCO Industries, which could be interpreted by the market as a less bullish stance on the company's future prospects.
Risk Assessment
Risk Level: medium — A reduction in a significant shareholder's stake can sometimes precede further selling pressure or reflect concerns about the company's performance.
Analyst Insight
Investors should monitor SIFCO Industries Inc. for further insider or significant shareholder activity and consider if this reduction by Peter J. Abrahamson aligns with their own investment thesis for the company.
Key Numbers
- 465,000 — Shares Beneficially Owned (The total number of SIFCO Industries shares Peter J. Abrahamson now owns.)
- 9.0% — Percent of Class (The percentage of SIFCO Industries' common stock owned by Peter J. Abrahamson.)
Key Players & Entities
- Peter J. Abrahamson (person) — Reporting Person, individual investor
- SIFCO Industries Inc. (company) — Subject Company, issuer of securities
- 465,000 (dollar_amount) — number of shares beneficially owned by Peter J. Abrahamson
- 9.0% (dollar_amount) — percentage of class beneficially owned by Peter J. Abrahamson
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Peter J. Abrahamson may continue to reduce his stake in SIFCO Industries Inc. (Peter J. Abrahamson) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Peter J. Abrahamson, an individual investor from Lake Barrington, IL, as stated in the 'Names of Reporting Persons' section and the filing's header.
What is the name of the issuer whose securities are being reported?
The issuer is SIFCO Industries, Inc., as clearly identified under 'Name of Issuer' on the Schedule 13G cover page and in the 'SUBJECT COMPANY' data.
How many shares of SIFCO Industries Inc. does Peter J. Abrahamson beneficially own as of the event date?
As of December 31, 2023, Peter J. Abrahamson beneficially owns 465,000 shares of SIFCO Industries Inc., as reported in 'Aggregate Amount Beneficially Owned by Each Reporting Person' (Row 9) on the cover page.
What percentage of SIFCO Industries Inc.'s common stock does Peter J. Abrahamson own?
Peter J. Abrahamson owns 9.0% of the class of SIFCO Industries Inc.'s common stock, as indicated in 'Percent of Class Represented by Amount in Row (9)' (Row 11) on the cover page.
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, as specified on the Schedule 13G cover page.
Filing Stats: 850 words · 3 min read · ~3 pages · Grade level 9.1 · Accepted 2024-02-02 14:57:51
Filing Documents
- tm245032d3_sc13ga.htm (SC 13G/A) — 36KB
- 0001104659-24-009962.txt ( ) — 37KB
OWNERSHIP
ITEM 4. OWNERSHIP Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 465,000 (b) Percent of class: 7.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 465,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 465,000 (iv) Shared power to dispose or to direct the disposition of: 0
OWNERSHIP OF FIVE PERCENT
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 five percent of the class of securities, check the following .
OWNERSHIP OF MORE THAN FIVE
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON NOT APPLICABLE
IDENTIFICATION AND CLASSIFICATION
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY NOT APPLICABLE
IDENTIFICATION AND CLASSIFICATION
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP NOT APPLICABLE
NOTICE OF DISSOLUTION OF
ITEM 9. NOTICE OF DISSOLUTION OF GROUP NOT APPLICABLE
CERTIFICATION
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. 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. February 2, 2024 Date /s/ Peter J. Abrahamson Signature Peter J. Abrahamson, Private Investor Name/Title