In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bmc Stock Holdings Inc. (NASDAQ:BMCH) reported that Davidson Kempner Partners has picked up 19,664 of common stock as of 2017-03-17.
The acquisition brings the aggregate amount owned by Davidson Kempner Partners to a total of 19,664 representing a 0.03% stake in the company.
For those not familiar with the company, BMC Stock Holdings, Inc., formerly Stock Building Supply Holdings, Inc., is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions. Its primary products are lumber and lumber sheet goods, millwork, doors, flooring, windows, structural components, such as engineered wood products (EWP), trusses and wall panels, and other exterior products. Additionally, it provides solution-based services to customers, including design, product specification, installation, and installation management services. It offers a range of products sourced through a network of suppliers. It also offers various products, including hardware, wood boards, gypsum, insulation, roofing, siding and flooring. The Company offers scheduling, supplier and subcontractor management, and other services.
A glance at Bmc Stock Holdings Inc. (NASDAQ:BMCH)’s key stats reveals a current market capitalization of 1.56 Billion based on 66.68 Million shares outstanding and a price at last close of $22.45 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-03-16, Oleary picked up 5,000 at a purchase price of $13.78. This brings their total holding to 24,107 as of the date of the filing.
On the sell side, the most recent transaction saw Street unload 18,500 shares at a sale price of $22.00. This brings their total holding to 466,327.
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 Bmc Stock Holdings Inc. (NASDAQ:BMCH) as things move forward to see if its progress aligns with these transactions.
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