In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Optimizerx Corp (OTCMKTS:OPRX) reported that Wolverine Asset Management Llc. has picked up 2,155,860 of common stock as of 2017-03-06.
The acquisition brings the aggregate amount owned by Wolverine Asset Management Llc. to a total of 2,155,860 representing a 7.3% stake in the company.
For those not familiar with the company, OptimizeRx Corporation is a technology solutions company. The Company focuses on the healthcare industry. The Company connects patients, physicians and pharmaceutical manufacturers through technology. The Company’s solutions provide pharmaceutical manufacturers a direct to physician channel for communicating and promoting products. It provides healthcare providers a means to provide sampling and coupons without having to physically store samples on site. The Company’s principal products and applications include SampleMD, OPTIMIZEHR and OPTIMIZERx.com. SampleMD is a virtual Patient Support Center. OPTIMIZEHR is a consulting practice focused on educating and working with pharmaceutical manufacturers on identifying, formulating and implementing new electronic prescribing (eRx) media strategies for promoting their products. OPTIMIZERx.com is a portal to healthcare savings for patients to centrally review and participate in prescription and healthcare savings and support programs.
A glance at Optimizerx Corp (OTCMKTS:OPRX)’s key stats reveals a current market capitalization of 23.84 million based on 29.67 Million shares outstanding and a price at last close of $0.750 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-13, Pinney picked up 4,000 at a purchase price of $0.80. This brings their total holding to 781,079 as of the date of the filing.
On the sell side, the most recent transaction saw Radoff unload 631,100 shares at a sale price of $1.41. This brings their total holding to 2,289,200.
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 Optimizerx Corp (OTCMKTS:OPRX) as things move forward to see if its progress aligns with these transactions.
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