In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Staffing 360 Solutions Inc. (NASDAQ:STAF), reported that Jackson Investment Group, Llc. has picked up 4,955,577 of common stock as of 2017-03-24.
The acquisition brings the aggregate amount owned by Jackson Investment Group, Llc. to a total of 4,955,577 representing a 34.08% stake in the company.
For those not familiar with the company, Staffing 360 Solutions, Inc. operates in the staffing sector. The Company is engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and the United Kingdom. Its targeted consolidation model is focused on the finance and accounting, administrative, engineering and information technology (IT) staffing space.
A glance at Staffing 360 Solutions Inc. (NASDAQ:STAF)’s key stats reveals a current market capitalization of 5.05 Million based on 9.74 Million shares outstanding and a price at last close of $0.499 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-03, Flood picked up 10,021 at a purchase price of $0.65. This brings their total holding to 1,034,933 as of the date of the filing.
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 Staffing 360 Solutions Inc. (NASDAQ:STAF) as things move forward to see if its progress aligns with these transactions.
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