Electro Sensors Inc. (NASDAQ:ELSE) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Welltower Inc. Picked Up Genesis Healthcare Inc. (NY...
Pluristem Therapeutics PSTI Collaboration
Heartland Advisors Inc. is Buying Intricon Corp (NAS...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Electro Sensors Inc. (NASDAQ:ELSE) reported that Jennings Miles P Jr has picked up 175,000 of common stock as of 2017-02-23.

The acquisition brings the aggregate amount owned by Jennings Miles P Jr to a total of 175,000 representing a 5.2% stake in the company.

For those not familiar with the company, Electro-Sensors, Inc. is engaged in manufacturing and selling industrial production monitoring and process control systems. The Company manufactures and sells monitoring systems that measure actual machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. The Company’s segments include Production Monitoring and Investments. The Production Monitoring division manufactures and markets production monitoring equipment, in particular speed monitoring and motor control systems for industrial machinery. The Company markets its products to various industries located throughout the United States, Canada, Mexico, Latin America, Europe and Asia. The speed monitoring systems compare revolutions per minute or speed against acceptable rates as determined by a customer. The speed monitoring systems also include a line of products that measure production counts or rates, such as parts, gallons, or board feet.

A glance at Electro Sensors Inc. (NASDAQ:ELSE)’s key stats reveals a current market capitalization of 13.38 million based on 3.40 million shares outstanding and a price at last close of $3.94 per share.

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

Specifically, on 2016-07-15, Zipoy picked up 5,000 at a purchase price of $3.92. This brings their total holding to 5,000 as of the date of the filing.

On the sell side, the most recent transaction saw Swenson unload 25,867 shares at a sale price of $3.92. 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 Electro Sensors Inc. (NASDAQ:ELSE) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

Stay in the lopp :

Artificial Intelligence Technology (AITX) Sto...

Before trading starts today, it might be a good move from investors to possibly take a look at some of the stocks which

International Consolidate (INCC) Stock Almost...

International Consolidate Companies Inc (OTCMKTS:INCC), better known as INCC, has seen its stock emerge as one of the notable gainers in the past

Update: iSpecimen ISPC Bottom or Fake out?

iSpecimen ISPC ran over 200% after our alert on November 22nd but as expected after an epic run like that, it will pull

related post

Skip to content