In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ecology & Environment Inc. (NASDAQ:EEI) reported that Mill Road Capital Ii, L.p. has picked up 463,072 of common stock as of 2017-04-05.
The acquisition brings the aggregate amount owned by Mill Road Capital Ii, L.p. to a total of 463,072 representing a 15.43% stake in the company.
For those not familiar with the company, Ecology and Environment, Inc. (EEI) is an environmental consulting company. The Company’s business segments include EEI and its subsidiaries located in the United States, Subsidiaries located in South America and Other foreign subsidiaries. The Company offers consulting services to commercial and government clients in a range of service sectors, which include Government START Contract; Government Task Order Contracts; Energy; Natural Resource Management and Restoration; Sustainability, Resiliency, and Climate Adaptation; Water Resources; Planning; Emergency Planning and Management; Hazardous and Radioactive Material Services; International; Regulatory Compliance, and Contract Backlog. The Company provides services to all phases of energy development by conducting critical feature/fatal flaw analyses, social and health impact assessments, feasibility and siting studies, field surveys, permitting, construction inspection and compliance monitoring.
A glance at Ecology & Environment Inc. (NASDAQ:EEI)’s key stats reveals a current market capitalization of 45.33 Million based on 3.00 Million shares outstanding and a price at last close of $10.30 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-08, Frank picked up 500 at a purchase price of $9.75. This brings their total holding to 21,406 as of the date of the filing.
On the sell side, the most recent transaction saw Gerhard unload 243,398 shares at a sale price of $11.00. 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 Ecology & Environment Inc. (NASDAQ:EEI) as things move forward to see if its progress aligns with these transactions.
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