SCHEDULE: Bard Associates Boosts Polar Power Stake to 15.4%

Bard Associates Inc. has increased its beneficial ownership in Polar Power, Inc. to 15.4% of common stock, holding 386,389 shares.

Summary

• Bard Associates Inc. filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Polar Power, Inc.
• The filing indicates that Bard Associates Inc. beneficially owns 386,389 shares of Polar Power, Inc. Common Stock.
• This ownership represents 15.4% of the class of securities.
• Bard Associates Inc. holds sole voting power over 13,286 shares and shared voting power over 0 shares.
• The firm has sole dispositive power over 13,286 shares and shared dispositive power over 373,103 shares.
• Bard Associates Inc. is classified as an Investment Adviser (IA).

Sentiment

Score: 6

Explanation: The filing indicates a significant increase in passive institutional ownership, which is generally viewed as a positive signal of investor confidence. However, as a Schedule 13G, it provides no operational or financial performance details, limiting a stronger positive sentiment.

Positives

• Increased institutional ownership by an investment adviser may signal confidence in the company's prospects.
• The significant stake of 15.4% indicates a notable commitment from Bard Associates Inc.

Management Comments

• Bard Associates Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Stakeholder Impact

• Shareholders may view the increased institutional ownership positively, potentially signaling a vote of confidence in the company's value or future prospects.

Key Dates

Keywords

Polar Power, Bard Associates, Common Stock, Beneficial Ownership, SEC Filing, Schedule 13G, Investment Adviser