In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Osi Systems Inc. (NASDAQ:OSIS) reported that Earnest Partners Llc. has picked up 951,611 of common stock as of 2017-04-11.
The acquisition brings the aggregate amount owned by Earnest Partners Llc. to a total of 951,611 representing a 5.0% stake in the company.
For those not familiar with the company, OSI Systems, Inc., through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company operates in three segments, which include Security, which provides security and inspection systems, turnkey security screening solutions and related services; Healthcare, which provides patient monitoring, diagnostic cardiology, anesthesia delivery and ventilation systems and defibrillators, and Optoelectronics and Manufacturing, which provides electronic components and electronic manufacturing services for the Security and Healthcare divisions, as well as to external original equipment manufacturer (OEM) customers and end users for applications in the defense, aerospace, medical and industrial markets, among others.
A glance at Osi Systems Inc. (NASDAQ:OSIS)’s key stats reveals a current market capitalization of 1.34 Billion based on 19.09 Million shares outstanding and a price at last close of $70.15 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-07, Ong picked up 1,000 at a purchase price of $67.00. This brings their total holding to 73,703 as of the date of the filing.
On the sell side, the most recent transaction saw Edrick unload 35,000 shares at a sale price of $73.14. This brings their total holding to 160,789.
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 Osi Systems Inc. (NASDAQ:OSIS) as things move forward to see if its progress aligns with these transactions.
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