Here’s Who Just Picked Up Layne Christensen Co. (NASDAQ:LAYN) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Layne Christensen Co. (NASDAQ:LAYN) reported that Corre Partners Management, Llc. has picked up 346,106 of common stock as of 2017-02-01.

The acquisition brings the aggregate amount owned by Corre Partners Management, Llc. to a total of 346,106 representing a 1.6% stake in the company.

For those not familiar with the company, Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through four segments: Water Resources, Inliner, Heavy Civil and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States. Its Inliner segment is a service rehabilitation company offering a range of solutions for wastewater, storm water and process sewer pipeline networks. Its Heavy Civil segment delivers solutions to government agencies and industrial clients by overseeing the design and construction of water and wastewater treatment plants and pipeline installation.

A glance at Layne Christensen Co. (NASDAQ:LAYN)’s key stats reveals a current market capitalization of 204.21 million based on 19.80 million shares outstanding and a price at last close of $10.43 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-01-15, Anderson picked up 2,000 at a purchase price of $5.13. This brings their total holding to 6,000 as of the date of the filing.

On the sell side, the most recent transaction saw Van unload 2,955 shares at a sale price of $11.92. This brings their total holding to 3,183,436 .

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 Layne Christensen Co. (NASDAQ:LAYN) as things move forward to see if its progress aligns with these transactions.

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