Wax Asset Management reports 0% stake in FEIM
Frequency Electronics, Inc. received an amended Schedule 13G from Wax Asset Management, LLC reporting that it no longer beneficially owns any of the company’s common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Frequency Electronics, Inc. received an amended Schedule 13G from Wax Asset Management, LLC reporting that it no longer beneficially owns any of the company’s common stock. The filing shows 0 shares beneficially owned, representing 0% of the class, with no voting or dispositive power.
The filer also states that any securities previously held were acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of Frequency Electronics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the latest Schedule 13G/A for FEIM report?
What percentage of Frequency Electronics’ stock is held by Wax Asset Management?
Why is Wax Asset Management’s FEIM ownership disclosed as 5 percent or less?
How does Wax Asset Management describe its purpose in holding FEIM securities?
AI-generated analysis. How Rhea-AI works. Not financial advice.