In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Yuma Energy, Inc. (NYSEMKT:YUMA) reported that Red Mountain Capital has picked up 4,368,765 of common stock as of 2017-03-08.

The acquisition brings the aggregate amount owned by Red Mountain Capital to a total of 4,368,765 representing a 31.3% stake in the company.

For those not familiar with the company, Yuma Energy, Inc. is an independent Houston-based exploration and production company.  It is focused on the acquisition, development, and exploration for conventional and unconventional oil and gas resources, primarily in the U. S. Gulf Coast.   Yuma has employed a 3-D seismic-based strategy to build a multi-year inventory of development and exploration prospects.  Its current operations are focused on onshore assets located in Texas and Louisiana, where it is targeting the Woodbine, Eagleford, Austin Chalk, Tuscaloosa, Wilcox, Frio, Marg Tex and Hackberry formations.  In addition, Yuma has a non-operated position in the Bakken Shale in North Dakota and operated positions in Kern and Santa Barbara Counties in California.

A glance at Yuma Energy, Inc. (NYSEMKT:YUMA)’s key stats reveals a current market capitalization of 27.94 million based on 12.20 Million shares outstanding and a price at last close of $2.29 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-12-23, Mesdag picked up 3,000 at a purchase price of $3.77. This brings their total holding to 2,603,052 as of the date of the filing.

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 Yuma Energy, Inc. (NYSEMKT:YUMA) as things move forward to see if its progress aligns with these transactions.

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