SCHEDULE 13G/A: Azarias Capital Management Reduces Stake in Matrix Service Co Below 5%

Azarias Capital Management, L.P. has filed an amended Schedule 13G, reporting a reduction in its beneficial ownership of Matrix Service Co common stock to 4.4% as of December 31, 2024.

Summary

• Azarias Capital Management, L.P. filed an Amendment No. 2 to Schedule 13G concerning its ownership of Common Stock in MATRIX SERVICE CO.
• As of December 31, 2024, Azarias Capital Management, L.P. beneficially owns 1,215,415 shares of MATRIX SERVICE CO common stock.
• This ownership represents 4.4% of the total class of securities.
• The amendment was filed because Azarias Capital Management, L.P.'s beneficial ownership percentage went below 5%.
• Azarias Capital Management, L.P. is classified as an Investment Adviser (IA).

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing a change in beneficial ownership. It contains no explicit positive or negative information regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a change in a passive investor's ownership stake and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Azarias Capital Management, L.P. reduced its stake in Matrix Service Co, which is a change in the shareholder base. The document does not provide reasons for the reduction.

Key Dates

Keywords

Azarias Capital Management, Matrix Service Co, Schedule 13G, Common Stock, Beneficial Ownership, Investment Adviser, SEC Filing, Shareholding