BlackRock Amends Covenant Logistics Stake as of Dec 31, 2023
Ticker: CVLG · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Covenant Logistics, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. has filed an amended Schedule 13G/A, indicating a change in its ownership stake in Covenant Logistics Group, Inc. as of December 31, 2023. This filing, an amendment number 3, shows BlackRock's updated passive investment in the trucking company's Class A Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding Covenant Logistics Group, Inc. stock.
Why It Matters
This filing updates BlackRock's passive ownership in Covenant Logistics Group, Inc., providing transparency on a major institutional investor's position, which can influence market perception and trading decisions.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not inherently indicate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's updated passive stake in Covenant Logistics Group, Inc. and consider it as one data point among many when evaluating the stock, but this filing alone doesn't suggest immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Covenant Logistics Group, Inc. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the 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, specifically Amendment No: 3, filed under Rule 13d-1(b).
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a security broker, dealer, and flotation company based in New York, NY.
What company's stock is the subject of this filing?
The subject company is COVENANT LOGISTICS GROUP, INC., a trucking company (SIC 4213) based in Chattanooga, TN.
What is the specific class of securities reported in this filing?
The filing reports on the Class A Common Stock of COVENANT LOGISTICS GROUP, INC.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
From the Filing
EDGAR Filing Documents for 0001086364-24-002021 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002021 Filing Date 2024-01-24 Accepted 2024-01-24 09:46:41 Documents 1 Document Format Files Seq Description Document Type Size 1 us22284p1057_012324.txt SC 13G/A 11735 Complete submission text file 0001086364-24-002021.txt 13745 Mailing Address 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 Business Address 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 4238211212 COVENANT LOGISTICS GROUP, INC. (Subject) CIK : 0000928658 (see all company filings) EIN. : 880320154 | State of Incorp.: NV | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-48513 | Film No.: 24554621 SIC : 4213 Trucking (No Local) (CF Office: 01 Energy & Transportation) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)