SCHEDULE: Wax Asset Management Discloses 7.2% Stake in Energy Services of America
Beneficial Ownership Report
Wax Asset Management, LLC has reported a 7.2% beneficial ownership stake in Energy Services of America CORP, holding 1,201,102 shares of common stock.
Summary
- Wax Asset Management, LLC has filed a Schedule 13G, indicating beneficial ownership of common stock in Energy Services of America CORP.
- The reporting person, Wax Asset Management, LLC, holds 1,201,102 shares of Energy Services of America CORP common stock.
- This ownership represents 7.2% of the total class of securities.
- Wax Asset Management, LLC has sole voting power and sole dispositive power over all 1,201,102 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a moderately positive signal, indicating a significant passive institutional investment in the company, which can be interpreted as a vote of confidence without implying activist intent.
Positives
- The disclosure of a 7.2% stake by an investment adviser like Wax Asset Management, LLC, can signal institutional confidence in Energy Services of America CORP's prospects.
Future Outlook
NA
Management Comments
- Wax Asset Management, LLC certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
StockSavvy.ai notes that institutional ownership by investment advisers like Wax Asset Management can signal confidence in a company's long-term prospects within its sector, though this filing alone does not provide specific industry trends or competitive analysis.
Stakeholder Impact
- Shareholders may view the significant stake by an investment adviser as a positive indicator of institutional interest and potential long-term value.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Date of event which requires filing of this statement |
| 02/10/2026 | Date of signature by Evan Wax, President of Wax Asset Management, LLC |
Keywords
Energy Services of America CORP, Wax Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Investment Adviser, ESOA
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