BlackRock Discloses 8.3% Stake in VSE Corp.
Ticker: VSECU · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 102752
| Field | Detail |
|---|---|
| Company | Vse Corp (VSECU) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed an 8.3% stake in VSE Corp. as of year-end 2023.**
AI Summary
BlackRock Inc. reported on January 29, 2024, that as of December 31, 2023, it beneficially owns 1,023,737 shares of VSE Corporation's Common Stock, representing 8.3% of the company. This filing indicates BlackRock's significant passive investment in VSE Corp., signaling confidence from a major institutional investor. For current or prospective VSE Corp. shareholders, this means a large, influential fund manager sees value in the company, which can provide a degree of stability and potentially attract other institutional interest.
Why It Matters
This filing confirms a major institutional investor, BlackRock, holds a substantial stake in VSE Corp., which can be a positive signal for the company's stability and future prospects.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institutional investor, which generally reduces rather than increases risk for existing shareholders.
Analyst Insight
A smart investor would view BlackRock's substantial, passive stake as a vote of confidence, potentially signaling underlying value in VSE Corp. and might consider further research into the company's fundamentals.
Key Numbers
- 1,023,737 — Shares Owned (Number of VSE Corp. Common Stock shares beneficially owned by BlackRock Inc.)
- 8.3% — Ownership Percentage (Percentage of VSE Corp. Common Stock owned by BlackRock Inc.)
- December 31, 2023 — Reporting Date (The date as of which BlackRock's ownership stake is reported.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- VSE Corporation (company) — the subject company whose stock is being reported
- 1,023,737 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 8.3% (dollar_amount) — percentage of VSE Corporation's class of securities beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — the date of the event requiring the filing
- January 29, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its significant stake in VSE Corp. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., as stated in the 'Names of reporting persons' section of the filing.
What is the subject company whose securities are being reported?
The subject company is VSE CORPORATION, as indicated under the 'Name of Issuer' in the Schedule 13G.
What percentage of VSE Corporation's Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 8.3% of VSE Corporation's Common Stock, as per the filing's summary of ownership.
As of what date is the ownership stake reported?
The ownership stake is reported as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of VSE Corporation is 918284100, as listed in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding VSE CORP (VSECU).