Here’s Who Just Picked Up Superior Industries International Inc. (NYSE:SUP) Shares

0
45

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Superior Industries International Inc. (NYSE:SUP) reported that GAMCO Investors has picked up 543,000 of common stock as of 2017-01-24.

The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 543,000 representing a 2.13% stake in the company.

For those not familiar with the company, Superior Industries International, Inc. is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico. The Company offers wheels in a range of finishes, which include Bright Machined, Polished Face with Painted Window, Fully Painted, Premium Paint, Polished, Chrome Clad and Mirror Finish Ultra Bright Machining. The Company’s products, which are manufactured in its North American facilities, are delivered primarily to automotive assembly operations in North America for global OEMs. Its OEM aluminum wheels are primarily sold for factory installation, as either optional or standard equipment, on various vehicle models.

A glance at Superior Industries International Inc. (NYSE:SUP)’s key stats reveals a current market capitalization of 594.17 million based on 25.45 million shares outstanding and a price at last close of $23.50 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-24, Oliver picked up 50 at a purchase price of $21.97. This brings their total holding to 76 as of the date of the filing.

On the sell side, the most recent transaction saw Kakar unload 430 shares at a sale price of $29.03. This brings their total holding to 15,490.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Superior Industries International Inc. (NYSE:SUP) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here