In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Blue Bird Corp. (NASDAQ:BLBD) reported that Coliseum Capital has picked up 4,438,712 of common stock as of 2017-02-18.
The acquisition brings the aggregate amount owned by Coliseum Capital to a total of 4,438,712 representing a 14.8% stake in the company.
For those not familiar with the company, Blue Bird offers a complete line of Type A, C and D school buses in a variety of options and configurations. Since 1927, Blue Bird Corporation has continued to set industry standards with its innovative design and manufacturing capabilities. Additionally, Blue Bird provides comprehensive financial solutions through Blue Bird Capital Services. Today, Blue Bird has more than 1,500 employees, Georgia-based manufacturing facilities and an extensive network of Dealers and Parts & Service facilities throughout North America. Its global presence can be seen in more than 60 countries through sales into Africa, Asia, the Caribbean, Latin America, Europe and the Middle East.
A glance at Blue Bird Corp. (NASDAQ:BLBD)’s key stats reveals a current market capitalization of 388.06 million based on 23.03 million shares outstanding and a price at last close of $16.80 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-06-08, Asp picked up 5,000,000 at a purchase price of $11.00. This brings their total holding to 12,000,000 as of the date of the filing.
On the sell side, the most recent transaction saw Coliseum unload 3,000 shares at a sale price of $17.00. This brings their total holding to 2,373,195.
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 Blue Bird Corp. (NASDAQ:BLBD) as things move forward to see if its progress aligns with these transactions.
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