BlackRock Amends Smith & Wesson Stake (SC 13G/A)
Ticker: SWBI · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1092796
| Field | Detail |
|---|---|
| Company | Smith & Wesson Brands, Inc. (SWBI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
TL;DR
**BlackRock just updated its Smith & Wesson stake, signaling a potential portfolio rebalance.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating a change in their ownership of Smith & Wesson Brands Inc. common stock as of December 31, 2023. This filing, Amendment No. 15, updates their previous disclosures, signaling a potential adjustment in their investment strategy for the firearms manufacturer. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can sometimes signal shifts in their outlook on a company's prospects or the broader market for that sector.
Why It Matters
This filing shows BlackRock, a major institutional investor, has updated its ownership position in Smith & Wesson, which could influence other investors' perceptions of the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently indicate significant risk for the company or its shareholders.
Analyst Insight
Investors should note BlackRock's updated position as a data point, but without specific share count changes, it's primarily an administrative update. Further investigation into BlackRock's specific changes in holdings would be needed for actionable insights.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- SMITH & WESSON BRANDS, INC. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 15 (number) — the specific amendment number of this filing
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 15)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's stock is the subject of this filing?
The subject company of this filing is SMITH & WESSON BRANDS, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SMITH & WESSON BRANDS, INC.' and 'Smith & Wesson Brands Inc (Name of Issuer)'.
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 explicitly stated in the filing.
What is the CUSIP Number for the securities mentioned in this filing?
The CUSIP Number for the Common Stock of Smith & Wesson Brands Inc. is 831754106, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding SMITH & WESSON BRANDS, INC. (SWBI).