BlackRock Discloses Passive Stake in Pure Cycle Corp.
Ticker: PCYO · Form: SC 13G · Filed: 2024-01-31T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a passive stake in Pure Cycle Corp., a bullish sign from a big player.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 31, 2024, indicating its ownership of shares in Pure Cycle Corp. as of December 31, 2023. This filing, made under Rule 13d-1(b), signifies that BlackRock holds a significant, but passive, stake in Pure Cycle Corp. For investors, this matters because it shows a large institutional investor has confidence in Pure Cycle Corp., potentially signaling stability or future growth prospects for the stock.
Why It Matters
This filing signals that a major institutional investor, BlackRock, sees value in Pure Cycle Corp., which can be a positive indicator for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk due to increased institutional oversight.
Analyst Insight
A smart investor would view BlackRock's passive stake as a vote of confidence, potentially prompting further research into Pure Cycle Corp.'s fundamentals and future prospects, especially given its 'WATER SUPPLY' industry classification.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Pure Cycle Corp. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 31, 2024 (date) — the filing date of the SC 13G
- Rule 13d-1(b) (person) — the specific SEC rule under which the filing was made, indicating passive ownership
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock, Inc., as stated under 'Names of reporting persons. BlackRock, Inc.'
What is the name of the issuer (subject company) mentioned in this filing?
The name of the issuer is PURE CYCLE CORP, as indicated under '(Name of Issuer) PURE CYCLE CORP'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the class of securities is 746228303, as listed under '(CUSIP Number) 746228303'.
What was the date of the event which required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which specific rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)' in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-006059 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 - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-006059 Filing Date 2024-01-31 Accepted 2024-01-31 14:08:27 Documents 1 Document Format Files Seq Description Document Type Size 1 us7462283034_013124.txt SC 13G 11514 Complete submission text file 0001086364-24-006059.txt 13317 Mailing Address 34501 E. QUINCY AVE BLDG. 34 WATKINS CO 80137 Business Address 34501 E. QUINCY AVE BLDG. 34 WATKINS CO 80137 3032923456 PURE CYCLE CORP (Subject) CIK : 0000276720 (see all company filings) EIN. : 840705083 | State of Incorp.: CO | Fiscal Year End: 0831 Type: SC 13G | Act: 34 | File No.: 005-36739 | Film No.: 24582162 SIC : 4941 Water Supply (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 SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)