Guess Who Picked Up Cheesecake Factory Inc. (NASDAQ:CAKE) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cheesecake Factory Inc. (NASDAQ:CAKE) reported that Overton David has picked up 3,507,903 of common stock as of 2017-02-10.
The acquisition brings the aggregate amount owned by Overton David to a total of 3,507,903 representing a 7.4% stake in the company.
For those not familiar with the company, The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s segments include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing. It operates a restaurant under the RockSugar Pan Asian Kitchen mark. It also operates approximately two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. The Company’s restaurants offer lunch and dinner, as well as Sunday brunch. Its restaurants also offer a bar. Its menu consists of over 200 items in addition to items presented on supplemental menus, such as its SkinnyLicious menu, which offers approximately 50 items.
A glance at Cheesecake Factory Inc. (NASDAQ:CAKE)’s key stats reveals a current market capitalization of 3.01 billion based on 47.43 million shares outstanding and a price at last close of $62.46 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-19, Mindel picked up 1,500 at a purchase price of $49.95. This brings their total holding to 6,500 as of the date of the filing.
On the sell side, the most recent transaction saw Zurzolo unload 1,497 shares at a sale price of $61.27. This brings their total holding to 26,097.
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 Cheesecake Factory Inc. (NASDAQ:CAKE) as things move forward to see if its progress aligns with these transactions.
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Here’s Who Just Picked Up Imation Corp. (NYSE:IMN) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Imation Corp (NYSE:IMN) reported that Private Capital Management has picked up 2,028,829 of common stock as of 2017-02-10.
The acquisition brings the aggregate amount owned by Private Capital Management to a total of 2,028,829 representing a 5.47% stake in the company.
For those not familiar with the company, Imation Corp. is a data storage and data security company. The Company operates in two business segments: Tiered Storage and Security Solutions (TSS), which consists of its commercial storage media and storage and security solutions (i.e. Nexsan and IronKey) businesses, and Consumer Storage and Accessories (CSA), which consists of its consumer storage media and audio and accessories businesses. Its Nexsan segment consists of storage systems portfolio, which ranges from dense storage products to unified storage solutions for small and medium commercial businesses, enterprise and government customers. Its IronKey segment line include the hardware encrypted universal serial bus (USB) drives, personal computer (PC) on a stick workspaces for Microsoft windows to go, and cloud-based or device management solutions. Its Storage Media and Accessories business segment distributes various products through retail and commercial channels across the world.
A glance at Imation Corp (NYSE:IMN)’s key stats reveals a current market capitalization of 37.28 million based on 49.74 million shares outstanding and a price at last close of $.760 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-07-28, De picked up 35,000 at a purchase price of $0.99. This brings their total holding to 252,620 as of the date of the filing.
On the sell side, the most recent transaction saw Clinton unload 36,100 shares at a sale price of $1.31. This brings their total holding to 1,704,901.
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 Imation Corp (NYSE:IMN) 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.