In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sino Agro Food Inc. (OTCMKTS:SIAF) reported that Forsakringsaktiebolaget Avanza Pension has picked up 2,778,385 of common stock as of 2017-02-06.
The acquisition brings the aggregate amount owned by Forsakringsaktiebolaget Avanza Pension to a total of 2,778,385 representing a 12.95% stake in the company.
For those not familiar with the company, Sino Agro Food, Inc. is an agriculture technology and natural food holding company. The Company acquires and maintains equity stakes in a portfolio of companies to produce, distribute, market and sell protein food, and produce, primarily seafood and cattle. It provides consulting and services to joint venture partners to construct and operate food businesses, producing wholesale fish and cattle. It operates in five segments: Fishery Development Division operated by Capital Award, Inc. and Jiang Men City A Power Fishery Development Co., Limited; HU Plantation Division operated by Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited; Organic Fertilizer and Bread Grass Division operated by Qinghai Sanjiang A Power Agriculture Co., Limited and Qinghai Zhong He Meat Products Co., Limited, among others; Cattle Farm Development Division operated by Jiang Men City Hang Mei Cattle Farm Development Co. Limited and Macau Eiji Company Limited, and Corporate and Others Division.
A glance at Sino Agro Food Inc. (OTCMKTS:SIAF)’s key stats reveals a current market capitalization of 77.24 million based on 21.46 million shares outstanding and a price at last close of $3.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-01-21, Tiusanen picked up 2,500 at a purchase price of $9.14. This brings their total holding to 5,000 as of the date of the filing.
On the sell side, the most recent transaction saw Sandberg unload 10,000 shares at a sale price of $4.85. This brings their total holding to 76,949.
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 Sino Agro Food Inc. (OTCMKTS:SIAF) as things move forward to see if its progress aligns with these transactions.
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