In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ameresco Inc. (NYSE:AMRC) reported that Sakellaris George P. has picked up 22,918,361 of common stock as of 2017-02-07.
The acquisition brings the aggregate amount owned by Sakellaris George P. to a total of 22,918,361 representing a 49.3% stake in the company.
For those not familiar with the company, Ameresco, Inc. is a provider of energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations. The Company’s principal service is the development, design, engineering and installation of projects. Its U.S. Regions, U.S. Federal and Canada segments offer energy efficiency products and services, which include the design, engineering and installation of equipment and other measures; renewable energy solutions and services, and operations and maintenance (O&M) services. The Company’s Small-Scale Infrastructure segment sells electricity, processed landfill gas (LFG), heat or cooling, produced from renewable sources of energy and generated by small-scale plants that it owns. The Company’s Small-Scale Infrastructure segment also includes certain small-scale plants developed for customers. The All Other segment offers enterprise energy management services, consulting services and integrated-photovoltaic (PV).
A glance at Ameresco Inc. (NYSE:AMRC)’s key stats reveals a current market capitalization of 222.55 million based on 28.06 million shares outstanding and a price at last close of $4.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-08-15, Miller picked up 500 at a purchase price of $5.05. This brings their total holding to 4,000 as of the date of the filing.
On the sell side, the most recent transaction saw Gagnon unload 1,781 shares at a sale price of $6.17. This brings their total holding to 91,325.
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 Ameresco Inc. (NYSE:AMRC) as things move forward to see if its progress aligns with these transactions.
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