SCHEDULE 13G/A: Silvercrest Entities Disclose 0.2% Passive Stake in ModivCare Inc.
Beneficial Ownership Report
Silvercrest Asset Management Group LLC, Silvercrest L.P., and Silvercrest Asset Management Group Inc. have jointly reported a passive beneficial ownership of 0.2% in ModivCare Inc.'s common stock as of December 31, 2024.
Summary
- Silvercrest Asset Management Group LLC, Silvercrest L.P., and Silvercrest Asset Management Group Inc. (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
- The filing pertains to their beneficial ownership of common stock, par value $0.001 per share, of ModivCare Inc.
- As of December 31, 2024, the Reporting Persons collectively beneficially own 2,419 shares of ModivCare Inc. common stock.
- This ownership represents 0.2% of the outstanding class of ModivCare Inc. common stock.
- All 2,419 shares are held with shared voting power and shared dispositive power, with no sole voting or dispositive power reported by any of the entities.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of ModivCare Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral regulatory filing.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of passive beneficial ownership by an investment management group, indicating a minor stake in ModivCare Inc. It does not provide insights into broader industry trends or ModivCare's specific market position beyond the fact that it is a publicly traded company.
Stakeholder Impact
- Shareholders: The disclosure of a 0.2% passive stake by Silvercrest entities provides transparency regarding institutional ownership, but given the small percentage, it is unlikely to have a significant direct impact on other shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (reporting period end date). |
| 02/14/2025 | Signature date for Silvercrest Asset Management Group LLC, Silvercrest L.P., and Silvercrest Asset Management Group Inc. |
Keywords
ModivCare Inc., Silvercrest Asset Management Group LLC, Silvercrest L.P., Silvercrest Asset Management Group Inc., Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing
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