Royce & Associates LP Amends SMP Stake, Maintains Significant Holding
Ticker: SMP · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 93389
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: SMP
TL;DR
**Royce & Associates LP updated its SMP stake, still a big holder.**
AI Summary
Royce & Associates, LP, an investment firm, filed an Amendment No. 12 to its SC 13G filing for Standard Motor Products, Inc. (SMP) on January 30, 2024, indicating its ownership stake as of December 31, 2023. This update shows that Royce & Associates, LP continues to be a significant institutional holder in SMP, a company specializing in motor vehicle parts and accessories. This matters to investors because large institutional holdings can signal confidence in a company's long-term 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 Standard Motor Products, Inc., which can influence market perception and trading activity for the stock.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk event.
Analyst Insight
Investors should note that Royce & Associates, LP continues to hold a position in Standard Motor Products, Inc. This filing itself doesn't indicate a change in strategy, but ongoing monitoring of their future filings could reveal shifts in their conviction, which might influence other institutional or retail investors.
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Standard Motor Products, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 12 (number) — the specific amendment number of 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, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No.12' sections.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROYCE & ASSOCIATES LP'.
What is the subject company whose securities are being reported?
The subject company is Standard Motor Products, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STANDARD MOTOR PRODUCTS, INC.'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Standard Motor Products, Inc. is 853666105, as listed under 'CUSIP Number' and 'CUSIP No. 853666105'.
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 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding STANDARD MOTOR PRODUCTS, INC. (SMP).