In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cdi Corp. (NYSE:CDI) reported that Radoff Bradley Louis has picked up 1,501,000 of common stock as of 2017-02-03.
The acquisition brings the aggregate amount owned by Radoff Bradley Louis to a total of 1,501,000 representing a 8.0% stake in the company.
For those not familiar with the company, CDI Corp. provides engineering, information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees. The GETS segment provides engineering and information technology solutions that involve the production of deliverable work products or services performed at its facility or at a customer’s facility. The PSS segment provides technical and professional personnel for discrete periods of time to augment the customer’s workforce in times of project, seasonal, peak period or business cycle needs.
A glance at Cdi Corp. (NYSE:CDI)’s key stats reveals a current market capitalization of 162.31 million based on 18.66 million shares outstanding and a price at last close of $8.65 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-27, Smith picked up 8,000 at a purchase price of $5.40. This brings their total holding to 69,272 as of the date of the filing.
On the sell side, the most recent transaction saw Giorgio unload 100 shares at a sale price of $15.96. This brings their total holding to 38,405.
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 Cdi Corp. (NYSE:CDI). as things move forward to see if its progress aligns with these transactions.
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