Renaissance Tech Amends Utah Medical Products Stake
Ticker: UTMD · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 706698
| Field | Detail |
|---|---|
| Company | Utah Medical Products Inc (UTMD) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, hedge-fund, medical-devices
Related Tickers: UTMD
TL;DR
**Renaissance Technologies updated its stake in Utah Medical Products, signaling continued institutional interest.**
AI Summary
Renaissance Technologies LLC, a quantitative hedge fund, filed an amended SC 13G/A on February 13, 2024, indicating a change in their ownership of Utah Medical Products Inc. common stock. The filing, based on an event date of December 29, 2023, shows that Renaissance Technologies LLC continues to hold a significant stake in the medical device company. This matters to investors because large institutional holdings can signal confidence in a company's prospects, but changes in these holdings can also influence stock price and liquidity.
Why It Matters
This filing updates the public on a major institutional investor's position in Utah Medical Products, which can influence market perception and trading activity for the stock.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not inherently signal significant risk for the company.
Analyst Insight
Investors should note that a prominent quantitative fund like Renaissance Technologies maintains a position, suggesting their models still see value. However, without specific share count changes, it's hard to gauge the exact sentiment shift. Further investigation into the specific changes in shares owned would be prudent.
Key Players & Entities
- Renaissance Technologies LLC (company) — the institutional investor filing the SC 13G/A
- Utah Medical Products Inc. (company) — the subject company whose stock is being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 13, 2024 (date) — the filing date of the SC 13G/A
- 917488108 (number) — the CUSIP number for Utah Medical Products Inc. 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 stated in the 'FORM TYPE: SC 13G/A' section and the title 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6)*'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Renaissance Technologies LLC, as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RENAISSANCE TECHNOLOGIES LLC' section.
What is the subject company of this filing?
The subject company is UTAH MEDICAL PRODUCTS INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UTAH MEDICAL PRODUCTS INC'.
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 29, 2023, as explicitly stated in the filing: '(Date of Event Which Requires Filing of this Statement) December 29, 2023'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Utah Medical Products Inc. is 917488108, as listed under '(CUSIP Number) 917488108' and 'CUSIP NO. 917488108'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding UTAH MEDICAL PRODUCTS INC (UTMD).