SCHEDULE 13G/A: BlackRock Amends Stake in Olympic Steel, Reports 11.7% Passive Ownership
Beneficial Ownership Report (Schedule 13G Amendment)
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a passive beneficial ownership of 11.7% in Olympic Steel Inc.'s common stock.
Summary
- BlackRock, Inc. has filed an Amendment No. 18 to its Schedule 13G regarding its beneficial ownership in Olympic Steel Inc.
- As of January 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 1,298,244 shares of Olympic Steel Inc. Common Stock.
- This ownership represents 11.7% of the class of securities.
- BlackRock, Inc. holds sole voting power over 1,280,785 shares and sole dispositive power over 1,298,244 shares.
- No shared voting or dispositive power is reported.
- 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 the control of Olympic Steel Inc.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing disclosing passive ownership, thus maintaining a neutral sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major asset manager, BlackRock, indicating its passive investment stake in Olympic Steel Inc. It reflects BlackRock's ongoing portfolio management activities and does not inherently suggest a change in industry trends or competitive landscape for Olympic Steel Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, confirming BlackRock's continued passive investment.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was expressly revoked. |
| 2025-01-21 | Date of execution for the new Power of Attorney. |
| 2025-01-31 | Date of event which requires the filing of this statement (ownership threshold met or changed). |
| 2025-02-07 | Date the Schedule 13G Amendment No. 18 was signed. |
Keywords
BlackRock, Olympic Steel Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment
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