Grace & White Amends Fuel Tech (FTEK) Stake as of Dec 31, 2023
Ticker: FTEK · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 846913
| Field | Detail |
|---|---|
| Company | Fuel Tech, Inc. (FTEK) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-stake
TL;DR
**Grace & White updated their Fuel Tech (FTEK) ownership, signaling a change in their investment position.**
AI Summary
Grace & White Inc./NY, an investment adviser, has filed an amended Schedule 13G/A for Fuel Tech, Inc. (FTEK) as of December 31, 2023. This filing indicates their beneficial ownership of Fuel Tech's Common Stock, par value $0.01, has changed. Investors should note this as it reflects a significant institutional investor's updated position, which can influence market sentiment and potentially signal their confidence (or lack thereof) in the company's future performance.
Why It Matters
This filing updates the public on a major institutional investor's stake in Fuel Tech, Inc., providing transparency on their investment decisions.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not inherently pose a direct risk to the company or its stock.
Analyst Insight
Investors should monitor subsequent filings from Grace & White Inc./NY to track their evolving position in Fuel Tech, Inc., as significant changes could indicate a shift in their investment thesis.
Key Players & Entities
- Grace & White Inc /NY (company) — the reporting person and investment adviser
- FUEL TECH, INC. (company) — the subject company (issuer)
- $0.01 (dollar_amount) — par value of Fuel Tech's Common Stock
- December 31, 2023 (date) — the date as of which the beneficial ownership is reported
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is GRACE & WHITE INC /NY, an organization with IRS Number 132884675, incorporated in NY.
What is the subject company (issuer) of the securities?
The subject company is FUEL TECH, INC., with Central Index Key (CIK) 0000846913.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock, par value $0.01, of Fuel Tech, Inc. is 359523107.
What is the effective date of the information in this amendment?
The information in this amendment is reported as of December 31, 2023, and the filing was made on February 5, 2024.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 5, 2024 regarding FUEL TECH, INC. (FTEK).