In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cardtronics Inc. (NASDAQ:CATM) reported that Westwood Holdings Group Inc. has picked up 503,767 of common stock as of 2017-02-15.
The acquisition brings the aggregate amount owned by Westwood Holdings Group Inc. to a total of 503,767 representing a 0.96% stake in the company.
For those not familiar with the company, Cardtronics plc, formerly Cardtronics, Inc., provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America, Europe segment, and Corporate & Other segment. The Company’s ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment. The Company’s ATM operations in the United Kingdom, Ireland, Germany, Poland, Spain and its ATM advertising business are included in its Europe segment. As of September 30, 2016, the Company provided services to over 200,000 ATMs across its portfolio, which included approximately 180,000 ATMs located in all 50 states of the United States; approximately 17,000 ATMs throughout the United Kingdom and Ireland; approximately 1,300 ATMs throughout Germany, Poland and Spain; approximately 3,700 ATMs throughout Canada, and approximately 1,300 ATMs throughout Mexico.
A glance at Cardtronics Inc. (NASDAQ:CATM)’s key stats reveals a current market capitalization of 2.02 billion based on 45.30 million shares outstanding and a price at last close of $44.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-05-14, Mccarthy picked up 7,800 at a purchase price of $31.84. This brings their total holding to 26,316 as of the date of the filing.
On the sell side, the most recent transaction saw Garcia unload 8,588 shares at a sale price of $38.37. This brings their total holding to 27,549.
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 Cardtronics Inc. (NASDAQ:CATM) as things move forward to see if its progress aligns with these transactions.
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