Here’s Who Just Picked Up Endologix Inc. (NASDAQ:ELGX) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Endologix Inc. (NASDAQ:ELGX) reported that Brown Capital Management Llc. has picked up 8,755,102 of common stock as of 2017-03-07.
The acquisition brings the aggregate amount owned by Brown Capital Management Llc. to a total of 8,755,102 representing a 10.58% stake in the company.
For those not familiar with the company, Endologix, Inc. is engaged in developing, manufacturing, marketing and selling medical devices for the treatment of aortic disorders. The Company’s products are intended for the treatment of abdominal aortic aneurysms (AAA). The AAA products are built on one of two platforms, including traditional minimally invasive endovascular repair (EVAR) or endovascular sealing (EVAS), its solution for sealing the aneurysm sac while maintaining blood flow through two blood flow lumens. The EVAR products include the Endologix AFX Endovascular AAA System (AFX), the VELA Proximal Endograft (VELA) and the Endologix Powerlink with Intuitrak Delivery System (Intuitrak). The EVAS product is the Nellix EndoVascular Aneurysm Sealing System (Nellix EVAS System). Its EVAS product is the Nellix EndoVascular Aneurysm Sealing System (Nellix EVAS System). It offers accessories to facilitate the optimal delivery of its EVAR products, including compatible guidewires, snares, and catheter introducer sheaths.
A glance at Endologix Inc. (NASDAQ:ELGX)’s key stats reveals a current market capitalization of 519.30 Million based on 82.93 Million shares outstanding and a price at last close of $6.54 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-14, Zenty picked up 3,000 at a purchase price of $6.51. This brings their total holding to 41,574 as of the date of the filing.
On the sell side, the most recent transaction saw Lima unload 4,710 shares at a sale price of $11.68. This brings their total holding to 37,884.
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 Endologix Inc. (NASDAQ:ELGX) as things move forward to see if its progress aligns with these transactions.
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Why Halitron (OTCMKTS:HAON) Shares Jumped 30%
Halitron (OTCMKTS:HAON) shares were up 31.58% to $0.00250 on Monday and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.01. The company has a market cap of $903K at 418.43 million shares outstanding.
Halitron is an equity investment holding company that is focused on implementing an acquisition roll-up model of acquiring high growth sales and marketing businesses. The company is structured with two Strategic Business Units: Sales & Marketing Division and a Manufacturing Division. It is focused on acquisition targets that provide sales, marketing, and manufacturing services and products.
Its portfolio holding include CinchSigns, NDG Holdings, Inc., Teknik Digital Arts, Inc. and Archival Museum Supplies. The company has two footprints; one in Newtown, Connecticut, that houses sales, marketing, finance, and second location in San Diego, California, which is the distribution point for products, which are primarily made in and around Tijuana, Mexico. The company is also focused on acquiring bankrupt, distressed or insolvent companies where it can acquire the business inexpensively and then roll the assets into its infrastructure.
In a press release this week, Halitron announced that the company closed on the $300,000.00 in financing needed to boost revenue of its four existing legacy brands to between $3-5 million annually. This is in the form of a non-toxic one year credit facility whereby the company may draw down minimum increments of $5,000, up to a total of $300,000, which carries an annual interest rate of 8%. This means that the debt thereunder is not convertible into equity at a discount to prevailing market prices.
Today we are drawing down our first tranche of capital and are excited to implement our strategic plan,” cited Bernard Findley, Halitron CEO.
The company recently engaged Freidman LLP to perform an audit of Halitron in preparation for listing on the OTCQB market. This is expected to be completed by the end of the month, followed by the filing of an annual report with the SEC to be listed on the OTCQB as a fully reporting company by mid-year 2017.
Lastly, Halitron shared that it is in the final stages of a spin out and merger transaction that has been in the works for the past three months. To be specific, two of its brands are in the process of being spun out into an online social marketing or digital storage company, which is currently a public company. With this, shareholders are expected to receive a stock dividend of 40 shares of the new company’s common stock for every 1,000 shares of Halitron common stock owned, subject to review and approval by FINRA.
DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.
Guess Who Just Picked Up Parker Drilling Co (NYSE:PKD) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Parker Drilling Co (NYSE:PKD) reported that Highbridge Capital Management has picked up 10,351,974 of common stock as of 2017-03-06.
The acquisition brings the aggregate amount owned by Highbridge Capital Management to a total of 10,351,974 representing a 7.01% stake in the company.
For those not familiar with the company, Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools. The Company’s business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes its Rental Tools segment, and its Drilling Services business includes its U.S. (Lower 48) Drilling, and International & Alaska Drilling segments. The Company’s U.S. (Lower 48) Drilling segment provides drilling services with its Gulf of Mexico barge drilling rig fleet and through U.S. (Lower 48) based O&M services. Its International & Alaska Drilling segment provides drilling services, with Company-owned rigs, as well as through O&M contracts, and project related services. In its Rental Tools Services business, it provides rental equipment and services to exploration and production (E&P) companies, drilling contractors and service companies on land and offshore in the United States and select international markets.
A glance at Parker Drilling Co (NYSE:PKD)’s key stats reveals a current market capitalization of 225.73 million based on 125.23 Million shares outstanding and a price at last close of $1.85 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-24, Fontana picked up 160,000 at a purchase price of $1.90. This brings their total holding to 168,021 as of the date of the filing.
On the sell side, the most recent transaction saw Agnew unload 18,387 shares at a sale price of $2.80. This brings their total holding to 196,377.
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 Parker Drilling Co (NYSE:PKD) as things move forward to see if its progress aligns with these transactions.
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