Edenbrook Capital, Llc. is Buying Digitalglobe Inc. (NYSE:DGI) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Digitalglobe Inc. (NYSE:DGI) reported that Edenbrook Capital, Llc. has picked up 260,125 of common stock as of 2017-03-27.

The acquisition brings the aggregate amount owned by Edenbrook Capital, Llc. to a total of 260,125 representing a 0.42% stake in the company.

For those not familiar with the company, DigitalGlobe, Inc. is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers. The Company sells its products and services through a combination of direct and indirect channels, consisting of a global network of resellers, strategic partners and direct enterprise sales to its United States Government and Diversified Commercial customer groups. The Company offers products consisting of imagery from its constellation of satellites, and provides geospatial products and services. The Company processes its imagery to varying levels according to its customers’ specifications and delivers its products using the distribution method.

A glance at Digitalglobe Inc. (NYSE:DGI)’s key stats reveals a current market capitalization of 1.99 Billion based on 61.75 Million shares outstanding and a price at last close of $32.20 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-02, Mason picked up 225 at a purchase price of $22.09. This brings their total holding to 12,815 as of the date of the filing.

On the sell side, the most recent transaction saw Scott unload 500 shares at a sale price of $31.85. This brings their total holding to 87,002.

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 Digitalglobe Inc. (NYSE:DGI) as things move forward to see if its progress aligns with these transactions.

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