In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Enservco Corp (NYSEMKT:ENSV) reported that Landhuis Leroy has picked up 4,732,319 of common stock as of 2017-02-28.
The acquisition brings the aggregate amount owned by Landhuis Leroy to a total of 4,732,319 representing a 9.27% stake in the company.
For those not familiar with the company, Enservco Corporation provides well and fluid management services to the domestic onshore oil and natural gas industry. The Company’s services include frac water heating, hot oiling and acidizing (well enhancement services), and water transfer, water treatment, water hauling, fluid disposal, frac tank rental (fluid management services) and other general oilfield services. Well enhancement services consist of frac water heating, acidizing, hot oiling services and pressure testing. These services are provided by its subsidiary, Heat Waves Hot Oil Service LLC (Heat Waves), which utilize a fleet of approximately 200 custom designed trucks and other related equipment. The Company owns or leases, and operates approximately 65 water-hauling trucks and trailers equipped with pumps to move water from or into wells, tanks and other storage facilities. Each truck has a hauling capacity of approximately 130 barrels. It also provides well-site construction and roustabout services.
A glance at Enservco Corp (NYSEMKT:ENSV)’s key stats reveals a current market capitalization of 24.46 million based on 49.38 million shares outstanding and a price at last close of $0.501 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-13, Kasch picked up 50,000 at a purchase price of $0.60. This brings their total holding to 1,899,324 as of the date of the filing.
On the sell side, the most recent transaction saw Peitz unload 250,000 shares at a sale price of $0.40. This brings their total holding to 98,853.
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 Enservco Corp (NYSEMKT:ENSV) as things move forward to see if its progress aligns with these transactions.
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