SCHEDULE 13G/A: BlackRock Amends Stake in Griffon Corp, Disclosing 13.4% Ownership
Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 18 to its Schedule 13G, reporting a beneficial ownership of 13.4% in Griffon Corp's common stock as of December 31, 2024.
Summary
- BlackRock, Inc. filed an Amendment No. 18 to its Schedule 13G regarding its ownership in Griffon Corp.
- As of December 31, 2024, BlackRock beneficially owns 6,416,406 shares of Griffon Corp's common stock.
- This represents 13.4% of the total outstanding common stock of Griffon Corp.
- BlackRock holds sole voting power over 6,325,053 shares and sole dispositive power over 6,416,406 shares.
- No shared voting or dispositive power was reported.
- One specific entity, iShares Core S & P Small-Cap ETF, is noted to have an interest exceeding 5% of the total outstanding common stock.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Griffon Corp.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of an ownership stake, which is neutral in sentiment. It does not contain positive or negative information about the issuer's performance or outlook.
Positives
- NA
Negatives
- NA
Risks
- No specific risks related to Griffon Corp's business or operations are disclosed in this ownership filing.
Future Outlook
NA
Industry Context
This filing reflects a standard institutional investment disclosure by a major asset manager, BlackRock, in a publicly traded company, Griffon Corp. It indicates BlackRock's continued significant, passive stake in the small-cap market segment, consistent with its broad investment strategies.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's stake, which can influence market perception and liquidity.
- Management: Awareness of a large, passive institutional holder.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date for ownership). |
| 2025-01-21 | Date of the new Power of Attorney executed by BlackRock, Inc. |
| 2025-02-05 | Filing date of the Schedule 13G Amendment No. 18. |
Keywords
BlackRock, Griffon Corp, Schedule 13G, Common Stock, Beneficial Ownership, Institutional Investor, SEC Filing, Investment Management, Passive Investment, Shareholding
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