In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Scientific Industries Inc. (OTCMKTS:SCND) reported that Kleiman Lowell A has picked up 67,000 of common stock as of 2017-03-10.
The acquisition brings the aggregate amount owned by Kleiman Lowell A to a total of 67,000 representing a 4.49% stake in the company.
For those not familiar with the company, Scientific Industries, Inc. is engaged in the design, manufacture and marketing of a range of benchtop laboratory equipment, bioprocessing products and catalyst research instruments. The Company operates through three segments: the manufacture and marketing of standard benchtop laboratory equipment for research in university, hospital and industrial laboratories sold primarily through laboratory equipment distributors and laboratory and pharmacy balances and scales (Benchtop Laboratory Equipment Operations); the manufacture and marketing of custom-made catalyst research instruments for universities, government laboratories, and chemical and petrochemical companies sold on a direct basis (Catalyst Research Instruments Operations), and the design and marketing of bioprocessing systems and products and related royalty income (Bioprocessing Systems). It is also engaged in the sublicensing of bioprocessing systems and products.
A glance at Scientific Industries Inc. (OTCMKTS:SCND)’s key stats reveals a current market capitalization of 4.77 Million based on 1.51 Million shares outstanding and a price at last close of $3.10 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2012-05-30, Cremonese picked up 2,500 at a purchase price of $3.30. This brings their total holding to 92,097 as of the date of the filing.
On the sell side, the most recent transaction saw Segasture unload 3,000 shares at a sale price of $2.35. This brings their total holding to 166,000.
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 Scientific Industries Inc. (OTCMKTS:SCND) as things move forward to see if its progress aligns with these transactions.
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