Here’s Who Just Picked Up Inc. (NASDAQ:STMP) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Inc. (NASDAQ:STMP) reported that Park West Asset Management has picked up 310,000 of common stock as of 2017-02-22.

The acquisition brings the aggregate amount owned by Park West Asset Management to a total of 310,000 representing a 1.8% stake in the company.

For those not familiar with the company, Inc. is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others. Its customers include individuals, small businesses, home offices, medium-size businesses and large enterprises, and within these categories, the Company targets both mailers and shippers. In addition, the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s products and services include Mailing and Shipping Business and Customized Postage.

A glance at Inc. (NASDAQ:STMP)’s key stats reveals a current market capitalization of 2.36 billion based on 17.05 million shares outstanding and a price at last close of $134.39 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-15, Jones picked up 10,000 at a purchase price of $113.15. This brings their total holding to 57,286 as of the date of the filing.

On the sell side, the most recent transaction saw Huebner unload 7,000 shares at a sale price of $130.76. This brings their total holding to 16,218.

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 Inc. (NASDAQ:STMP) as things move forward to see if its progress aligns with these transactions.

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