In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Omnova Solutions Inc. (NYSE:OMN) reported that Rbc Global Asset Management (u.s.) has picked up 4,572,177 of common stock as of 2017-04-07.
The acquisition brings the aggregate amount owned by Rbc Global Asset Management (u.s.) to a total of 4,572,177 representing a 10.2% stake in the company.
For those not familiar with the company, OMNOVA Solutions Inc. is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries. The Engineered Surfaces segment develops, designs, produces and markets a line of functional and decorative surfacing products, including coated fabrics, vinyl, paper, and specialty laminates and industrial films. The Performance Chemicals segment includes two product lines: Performance Materials and Specialty Chemicals, and the Engineered Surfaces segment includes two product lines: Coated Fabrics, and Laminates and Performance Films.
A glance at Omnova Solutions Inc. (NYSE:OMN)’s key stats reveals a current market capitalization of 424.68 Million based on 44.90 Million shares outstanding and a price at last close of $9.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-29, Mitarotonda picked up 12,663 at a purchase price of $8.19. This brings their total holding to 944,454 as of the date of the filing.
On the sell side, the most recent transaction saw Wenger unload 8,671 shares at a sale price of $9.73. This brings their total holding to 168,408.
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 Omnova Solutions Inc. (NYSE:OMN) as things move forward to see if its progress aligns with these transactions.
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