Guess Who Just Picked Up Ucp Inc. (NYSE:UCP) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ucp Inc. (NYSE:UCP) reported that Craton Capital Management, Llc. has picked up 783,765 of common stock as of 2017-03-09.
The acquisition brings the aggregate amount owned by Craton Capital Management, Llc. to a total of 783,765 representing a 9.85% stake in the company.
For those not familiar with the company, UCP, Inc. is a homebuilder and land developer with a focus on residential land acquisition, development and entitlement, as well as home design, construction and sales. The Company operates in two segments: homebuilding and land development. The homebuilding and land segments include two geographic regions: West and Southeast. The Company operates in the states of California, Washington, North Carolina, South Carolina, and Tennessee. In California, the Company primarily operates in the Central Valley area (Fresno and Madera counties), the Monterey Bay area (Monterey County), the South San Francisco Bay area (Santa Clara and San Benito counties) and in Southern California (Los Angeles, Ventura and Kern counties). In Washington State, it operates in the Puget Sound area (King, Snohomish, Thurston and Kitsap counties). In North Carolina, South Carolina and Tennessee, its operations are in the Charlotte, Myrtle Beach and Nashville markets.
A glance at Ucp Inc. (NYSE:UCP)’s key stats reveals a current market capitalization of 77.66 Million based on 7.96 Million shares outstanding and a price at last close of $9.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-18, Edens picked up 9,743 at a purchase price of $7.45. This brings their total holding to 25,493 as of the date of the filing.
On the sell side, the most recent transaction saw Buckingham unload 12,289 shares at a sale price of $12.03. This brings their total holding to 921,327.
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 Ucp Inc. (NYSE:UCP) as things move forward to see if its progress aligns with these transactions.
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Here’s Who Just Picked Up Drive Shack Inc. (NYSE:DS) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Drive Shack Inc. (NYSE:DS) reported that Edens Wesley R has picked up 4,692,612 of common stock as of 2017-03-09.
The acquisition brings the aggregate amount owned by Edens Wesley R to a total of 4,692,612 representing a 7.0% stake in the company.
For those not familiar with the company, Drive Shack Inc., formerly Newcastle Investment Corp., is a leisure company. The Company previously operated as a real estate investment trust (REIT). The Company is an owner and operator of golf-related leisure and entertainment businesses. The Company’s portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets. American Golf Corporation operates approximately 90 private, resort and public golf courses throughout the United States. It has a range of public and private golf courses in California, New York, and Georgia. It operates multiple facilities that provide golf, tennis, swimming and spa facilities, among others. Its online Pro Shop offers a range of golf gifts, such as personalized golf balls, golf luggage and accessories. Its public golf courses equipped with practice areas, golf shops, driving ranges, and food and beverage options.
A glance at Drive Shack Inc. (NYSE:DS)’s key stats reveals a current market capitalization of 274.79 million based on 66.84 Million shares outstanding and a price at last close of $4.15 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-06, Edens picked up 67,829 at a purchase price of $4.19. This brings their total holding to 3,142,000 as of the date of the filing.
On the sell side, the most recent transaction saw Riis unload 37,556 shares at a sale price of $4.64. This brings their total holding to 156,263.
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 Drive Shack Inc. (NYSE:DS) as things move forward to see if its progress aligns with these transactions.
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1PM Industries Inc (OTCMKTS:OPMZ) Investors Cheer New Business Model
1PM Industries Inc (OTCMKTS:OPMZ) shares were up 12% on Wednesday to $0.00280 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.38. The company has a market cap of $551K at 165.50 million shares outstanding.
Formerly known as Torrent Energy Corp, 1PM Industries Inc is a company that is focused on the sale and distribution of medical marijuana under the brand Von Baron Farms. It sells various products, including Cookie Spread, Peanut Butter, CBD Cookie Spread, CBD Mango Shot, THC Shot, Combo Shot, and Pancake and Waffle Batter. The Company distributes its Von Baron Farms product at www.vonbaronfarms.com. The company sells its products in approximately 40 dispensaries.
1PM Industries Inc is also in the process of selling its Von Baron Farms product line in non-medical marijuana product line through Amazon and eBay. It is also engaged in the development of a CBD product line. The company developed a line health and wellness products under the NewGenica brand, under which it developed four products including AquaTrim, DreamTrim, Eat & Trim and D-Tox 15. The company purchases the products from a third-party manufacturer who private labels health and wellness products.
In a press release, 1PM Industries Inc announced that it has transitioned into a new business model in the best interest of the company and the shareholders.
For years the management team of 1pm Industries has done one thing in particular very successfully and that’s helping private companies achieve publicly traded status. There is significant revenue generated from the process of taking a company public with multiple revenue streams being generated from each account,” said CEO Joseph Wades. “Had we remained on our former business trajectory, it would have taken all year or more to generate the revenue that we recently generated from just one client. Instead of continuing our efforts as a private endeavor, we have decided to roll all of our activities related to helping private companies achieve publicly traded status into 1PM Industries Inc and that will become our primary focus for the long term.”
Wades went on to say that he wants shareholders to know that this is an extremely positive move for the company as they have 18 years of experience helping companies to go public and generated $1.3 million on just one client contract, based on their latest 8K filing. With that, he expressed confidence about reaching revenue of $4 million this year up to $6 million.
I would like to reassure everyone that under no circumstances will we initiate a reverse split for any reason in the foreseeable future. What would be more likely to occur at this point would be a reduction in the authorized shares and that is currently under consideration. Also, as of today, for clarification, we currently have 244,948,828 shares outstanding with 137,246,677 shares in the float. We look forward to providing more information on our current business activities in the next few weeks and as always, we thank you for your support,” he concluded.
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.
Morgan Stanley is Buying Ophthotech Corp. (NASDAQ:OPHT) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ophthotech Corp. (NASDAQ:OPHT) reported that Morgan Stanley has picked up 10,932,054 of common stock as of 2017-03-08.
The acquisition brings the aggregate amount owned by Morgan Stanley to a total of 10,932,054 representing a 6.1% stake in the company.
For those not familiar with the company, Ophthotech Corporation is a biopharmaceutical company. The Company specializes in the development of therapeutics to treat diseases of the back of the eye, with a focus on developing therapeutics for age-related macular degeneration (AMD). Its advanced product candidate is Fovista, which is for use in combination with anti-vascular endothelial growth factor (VEGF) drugs. It is also developing its product candidate Zimura for the treatment of patients with geographic atrophy, a form of dry AMD, in combination with VEGF therapy for the treatment of polypoidal choroidal vasculopathy (PCV). Fovista is being tested in Phase III clinical development. In addition, it has initiated additional clinical trials to evaluate the potential additional benefits of Fovista administered in combination with anti-VEGF drugs in wet AMD patients, known as Fovista Expansion Studies. Zimura has completed a small, multicenter, uncontrolled, open label Phase I/IIa clinical trial.
A glance at Ophthotech Corp. (NASDAQ:OPHT)’s key stats reveals a current market capitalization of 129.27 million based on 35.81 Million shares outstanding and a price at last close of $3.62 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-06-03, Bolte picked up 3,500 at a purchase price of $56.97. This brings their total holding to 6,000 as of the date of the filing.
On the sell side, the most recent transaction saw Bolte unload 6,000 shares at a sale price of $4.83. This brings their total holding to 0.
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 Ophthotech Corp. (NASDAQ:OPHT) as things move forward to see if its progress aligns with these transactions.
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