Guess Who Picked Lennar Corporation (NYSE:LEN.B) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lennar Corporation (NYSE:LEN.B) reported that GAMCO Investors has picked up 1,257,741 of common stock as of 2017-03-29.
The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 1,257,741 representing a 4.02% stake in the company.
For those not familiar with the company, Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily. It is a developer of multifamily rental properties. Its Homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land. It operates primarily under the Lennar brand name. The Lennar Financial Services segment includes mortgage financing, title insurance and closing services for both buyers of its homes and others. The Rialto segment is a real estate, investment management, and finance company. The Lennar Multifamily segment focuses on developing a portfolio of institutional multifamily rental properties in the United States markets.
A glance at Lennar Corporation (NYSE:LEN.B)’s key stats reveals a current market capitalization of 11.74 Billion based on 31.30 Million shares outstanding and a price at last close of $40.78 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-01-15, Olivera picked up 248 at a purchase price of $40.85. This brings their total holding to 4,708 as of the date of the filing.
On the sell side, the most recent transaction saw Olivera unload 166 shares at a sale price of $42.93. This brings their total holding to 4,542.
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 Lennar Corporation (NYSE:LEN.B) as things move forward to see if its progress aligns with these transactions.
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Here’s Who Just Picked Up Id Systems Inc. (NASDAQ:IDSY) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Id Systems Inc. (NASDAQ:IDSY) reported that Emancipation Capital has picked up 1,905,949 of common stock as of 2017-03-29.
The acquisition brings the aggregate amount owned by Emancipation Capital to a total of 1,905,949 representing a 13.9% stake in the company.
For those not familiar with the company, I.D. Systems, Inc. (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers. Its systems utilize radio frequency identification (RFID), wireless fidelity (Wi-Fi), satellite or cellular communications, and sensor technology and software to control, track, monitor and analyze assets. It provides data reporting and analysis software tool platform, I.D. Systems Analytics PowerFleet IQ (for fleets of forklifts and other industrial trucks) and VeriWise IQ (for fleets of containers, trailers and other transportation assets). Its solutions include industrial and rental fleet asset management, industrial fleet asset management, transportation asset management and rental fleet asset management solutions.
A glance at Id Systems Inc. (NASDAQ:IDSY)’s key stats reveals a current market capitalization of 87.61 Million based on 13.77 Million shares outstanding and a price at last close of $6.29 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-01-09, Emancipation picked up 10,000 at a purchase price of $5.80. This brings their total holding to 1,812,293 as of the date of the filing.
On the sell side, the most recent transaction saw Mavrommatis unload 40,000 shares at a sale price of $6.73. This brings their total holding to 155,573.
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 Id Systems Inc. (NASDAQ:IDSY) as things move forward to see if its progress aligns with these transactions.
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Marijuana Company Of America Inc (OTCMKTS:MCOA) Completes Financial Statement Audit
Marijuana Company Of America Inc (OTCMKTS:MCOA) shares dipped 0.08% on Tuesday to $0.0485 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.20. The company has a market cap of $74.51 million at 1.58 billion shares outstanding.
Marijuana Company of America Inc is a development-stage company. It is a cannabis marketing and distribution company that distributes medical cannabis products, providing product sourcing, branding, payment, distribution and knowledge through an architecture structure to maintain customer loyalty and capture market share.
It is also developing a knowledge base complete with information from subject matter experts, medical articles and opinions, current articles, YouTube and other videos, blogs, and industry news and papers. The company provides information on strains, and other processed products that will be available through its club. It will track industry and consumer information and post to its social media and online knowledge base. It offers collectives and dispensaries in legal medical marijuana states marketing and managed services designed to improve membership and transactions.
In a press release, Marijuana Company of America announced that PCAOB auditors have completed a two year audit of the company’s financial statements for the years ended December 31, 2015 and 2016. From here, their legal counsel will finalize a Form 10 registration statement for filing with the Securities and Exchange Commission.
Once this registration statement becomes effective and the company’s common stock registered with the commission, Marijuana Company of America will apply to uplist its trading tier with OTC Markets to the OTCQB exchange. These steps are being taken to enhance long-term shareholder value, and attract a broader and more diverse shareholder base, including more institutional investors.
Our goal is to meet the requirements to be a fully reporting company. This is in-line with our business plan to move to a higher level stock exchange. As we continue to grow within our industry, achieving the highest level of transparency for our current and future shareholders is of paramount importance to us. With the audit completed, we are well on our way to becoming fully reporting and offering more transparency to investors and shareholders,” said Marijuana Company of America CEO and President Donald Steinberg.
As mentioned previously, being listed on a higher stock exchange can allow the company to attract not just more number of shareholders but better liquidity. The company is now turning its attention to the auditing process and has reportedly engaged the services of a CPA firm to complete a two-year audit of its financial statements as part of the process of preparing to become a fully reporting public company with the intent of uplisting to a higher reporting exchange.
Earlier this year, the company shared that it has recently commenced generating revenue and started to ship orders for its hempSMART Brain product after its launch in November.
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.