In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), US Geothermal Inc. (NYSEMKT:HTM) reported that Private Management Group Inc. has picked up 1,591,847 of common stock as of 2017-01-31.
The acquisition brings the aggregate amount owned by Private Management Group Inc. to a total of 1,591,847 representing a 8.41% stake in the company.
For those not familiar with the company, U.S. Geothermal Inc. is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc. (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development. It constructs, owns, manages and operates power plants that utilize geothermal resources to produce renewable energy. Its operations are primarily focused in the United States and Central America. It owns and operates geothermal power plant projects that include Raft River, Idaho; San Emidio, Nevada, and Neal Hot Springs, Oregon. The Company also has geothermal property interests in the Republic of Guatemala; the Geysers in California; Vale, Oregon; Crescent Valley, Nevada; Ruby Hot Springs, Nevada; Lee Hot Springs, Nevada, and Gerlach, Nevada, some of which are under development or exploration.
A glance at US Geothermal Inc. (NYSEMKT:HTM)’s key stats reveals a current market capitalization of 84.61 million based on 18.92 million shares outstanding and a price at last close of $4.42 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-07-14, Jcp picked up 971,890 at a purchase price of $0.89. This brings their total holding to 11,499,530 as of the date of the filing.
On the sell side, the most recent transaction saw Mink unload 30,000 shares at a sale price of $0.78. This brings their total holding to 148,378.
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 US Geothermal Inc. (NYSEMKT:HTM) as things move forward to see if its progress aligns with these transactions.
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