In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Issuer Direct Corp (NYSEMKT:ISDR) reported that Red Oak Partners, Llc. has picked up 552,806 of common stock as of 2017-02-21.
The acquisition brings the aggregate amount owned by Red Oak Partners, Llc. to a total of 552,806 representing a 19.04% stake in the company.
For those not familiar with the company, Issuer Direct Corporation is a provider of disclosure management solutions and cloud-based compliance technologies. The Company reports its products and services revenues in revenue streams, such as disclosure management, shareholder communications, and platforms and technology. The Company works with a client base in the financial services industry, including brokerage firms, banks and mutual funds. It also sells products and services to corporate issuers, professional firms, such as investor relations and public relations, and the accounting and the legal community. The Company’s portfolio of brands and products include Issuer Direct, Investor Network, Accesswire, Blueprint, iProxy Direct, iR Direct, Annual Report Service (ARS) and Company Spotlight. It announces material financial information to investors using its investor relations Website, Securities and Exchange Commission (SEC) filings, investor events, news and earnings releases, public conference calls and Webcasts.
A glance at Issuer Direct Corp (NYSEMKT:ISDR)’s key stats reveals a current market capitalization of 31.75 million based on 2.86 million shares outstanding and a price at last close of $11.10 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-06-23, Balbirnie picked up 1,000 at a purchase price of $6.10. This brings their total holding to 620,255 as of the date of the filing.
On the sell side, the most recent transaction saw Balbirnie unload 7,500 shares at a sale price of $5.89. This brings their total holding to 0.
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 Issuer Direct Corp (NYSEMKT:ISDR) as things move forward to see if its progress aligns with these transactions.
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