In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cas Medical Systems Inc. (NASDAQ:CASM) reported that Patton Thomas M has picked up 1,623,389 of common stock as of 2017-04-04.
The acquisition brings the aggregate amount owned by Patton Thomas M to a total of 1,623,389 representing a 5.6% stake in the company.
For those not familiar with the company, CAS Medical Systems, Inc. is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products for patient care. The Company designs, manufactures and distributes the FORE-SIGHT and FORE-SIGHT ELITE brand tissue oximeters and sensors. It also sells various legacy products called Traditional Monitoring, which includes non-invasive blood pressure measurement technologies, neonatal medical disposables and service sales. It operates through two categories of sales: Tissue Oximetry Monitoring, which includes sales of its FORE-SIGHT tissue oximeter monitors, sensors and accessories, and Traditional Monitoring, which includes sales of its legacy products comprising the original equipment manufacturer (OEM) sales of its non-invasive blood pressure technology (MAXNIBP and MAXIQ), and monitor service and repair. The FORE-SIGHT Tissue Oximeter technology provides clinicians a non-invasive, quantitative measurement of oxygenation in cerebral tissue.
A glance at Cas Medical Systems Inc. (NASDAQ:CASM)’s key stats reveals a current market capitalization of 40.65 Million based on 28.23 Million shares outstanding and a price at last close of $1.46 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-28, Novelly picked up 500 at a purchase price of $1.25. This brings their total holding to 5,400 as of the date of the filing.
On the sell side, the most recent transaction saw Flynn unload 517,450 shares at a sale price of $1.46. This brings their total holding to 2,358,636.
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 Cas Medical Systems Inc. (NASDAQ:CASM) as things move forward to see if its progress aligns with these transactions.
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