In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Peabody Energy Corporation (OTCMKTS:BTUUQ) reported that Mangrove Partners Master Fund, Ltd. has picked up 971,058 of common stock as of 2017-01-23.
The acquisition brings the aggregate amount owned by Mangrove Partners Master Fund, Ltd. to a total of 971,058 representing a 5.2% stake in the company.
For those not familiar with the company, Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming. Midwestern U.S. Mining operations reflect the Company’s Illinois and Indiana mining operations. Western U.S. Mining operations reflect the aggregation of the New Mexico, Arizona and Colorado mining operations. Australian Metallurgical Mining operations consist of mines in Queensland and New South Wales, Australia. Australian Thermal Mining operations consist of mines in New South Wales, Australia. Its Trading and Brokerage segment engages in the direct and brokered trading of coal and freight-related contracts through the trading and business offices.
A glance at Peabody Energy Corporation (OTCMKTS:BTUUQ)’s key stats reveals a current market capitalization of 31.45 million based on 18.50 million shares outstanding and a price at last close of $1.70 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-12-15, Sutherlin picked up 5,000 at a purchase price of $7.26. This brings their total holding to 12,382 as of the date of the filing.
On the sell side, the most recent transaction saw Galli unload 1,500 shares at a sale price of $1.37. This brings their total holding to 76,707.
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 Peabody Energy Corporation (OTCMKTS:BTUUQ) as things move forward to see if its progress aligns with these transactions.
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