Milacron Holdings Corp. (NYSE:MCRN) Is Bringing In The Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Milacron Holdings Corp. (NYSE:MCRN) reported that Ccmp Capital Investors Ii, L.p. has picked up 36,483,301 of common stock as of 2017-01-30.

The acquisition brings the aggregate amount owned by Ccmp Capital Investors Ii, L.p. to a total of 36,483,301            representing a 53.6% stake in the company.

For those not familiar with the company, Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids). The APPT segment is engaged in the manufacture, distribution and service of equipment and products used in the plastic technology and processing industry, including injection molding, blow molding and extrusion applications. The MDCS segment is engaged in the manufacture of plastic delivery and precision control systems, which are recurring, consumable sales for injection molding applications. The Fluids segment is engaged in the manufacture of coolants, lubricants, process cleaners and corrosion inhibitors that are used in a range of metalworking industries, such as cutting, grinding, stamping and forming and high speed machining.

A glance at Milacron Holdings Corp. (NYSE:MCRN)’s key stats reveals a current market capitalization of 1.26 billion based on 68.07 million shares outstanding and a price at last close of $18.54 per share.

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

Specifically, on 2015-12-09, Goeke picked up 15,000 at a purchase price of $12.84. This brings their total holding to 239,858 as of the date of the filing.

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 Milacron Holdings Corp. (NYSE:MCRN) as things move forward to see if its progress aligns with these transactions.

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