BlackRock Amends Standex International Stake (SC 13G/A)
Ticker: SXI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 310354
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still a major holder in Standex, good sign for stability.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership stake in Standex International Corporation as of December 31, 2023. This filing, Amendment No. 3, shows BlackRock continues to be a significant institutional investor in Standex. This matters to investors because large institutional holdings like BlackRock's can signal confidence in the company's long-term prospects and provide stability to the stock price.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in Standex, which can influence investor perception and stock stability.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative risk for the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which suggests institutional confidence, but this filing alone doesn't provide enough detail to warrant immediate buying or selling decisions without further analysis of BlackRock's specific stake changes.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- STANDEX INTERNATIONAL CORP/DE/ (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring this filing
- January 22, 2024 (date) — the date the SC 13G/A amendment was filed
- Amendment No: 3 (number) — the specific amendment number for this filing
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 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company of this filing?
The subject company is STANDEX INTERNATIONAL CORPORATION, as indicated by 'Name of Issuer) Common Stock' and in the 'SUBJECT COMPANY' data section.
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 stated under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Standex International Corporation is 854231107, as listed under 'CUSIP No. 854231107'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding STANDEX INTERNATIONAL CORP/DE/ (SXI).