In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sun Hydraulics Corp (NASDAQ:SNHY) reported that Koski Christine L. has picked up 2,505,476 of common stock as of 2017-02-07.
The acquisition brings the aggregate amount owned by Koski Christine L. to a total of 2,505,476 representing a 9.3% stake in the company.
For those not familiar with the company, Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems for industrial and mobile markets. It is also engaged in power controls and vehicle technologies lines of business. The Company sells its products across the globe through subsidiaries and independent distributors. It has operations in the United States, England, Germany, France, South Korea, China and India. Sun’s standard cartridge valves and manifolds are offered in multiple versions and size ranges. Its subsidiaries include Sun Hydraulik Holdings Limited, Sun Hydraulics Korea Corporation, High Country Tek, Inc. and Enovation Controls, LLC.
A glance at Sun Hydraulics Corp (NASDAQ:SNHY)’s key stats reveals a current market capitalization of 1.03 billion based on 26.93 million shares outstanding and a price at last close of $38.58 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2012-09-10, Dangel picked up 10,000 at a purchase price of $24.92. This brings their total holding to 13,349 as of the date of the filing.
On the sell side, the most recent transaction saw Koski unload 23,410 shares at a sale price of $31.84. This brings their total holding to 293,519.
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 Sun Hydraulics Corp (NASDAQ:SNHY) as things move forward to see if its progress aligns with these transactions.
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