In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Gse Systems Inc. (NYSEMKT:GVP) reported that Silver Jack has picked up 1,466,189 of common stock as of 2017-02-27.
The acquisition brings the aggregate amount owned by Silver Jack to a total of 1,466,189 representing a 7.8% stake in the company.
For those not familiar with the company, GSE Systems, Inc. (GSE) is a performance improvement company. The Company operates through two segments: Performance Improvement Solutions, and Nuclear Industry Training and Consulting. The Performance Improvement Solutions segment provides simulation, training and engineering products and services to the industries, including nuclear and fossil fuel power industry, and chemical and petrochemical industries. The Performance Improvement Solutions segment consists of its power plant and process simulation solutions, as well as engineering solutions. The Nuclear Industry Training and Consulting segment provides specialized workforce solutions primarily to the nuclear industry, working at client’s facilities. The EnVision product line consists of computer-based tutorials and related simulation models primarily for the petrochemical, and oil and gas refining industries.
A glance at Gse Systems Inc. (NYSEMKT:GVP)’s key stats reveals a current market capitalization of 62.65 million based on 18.68 Million shares outstanding and a price at last close of $3.25 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-14, Lewis picked up 32 at a purchase price of $3.40. This brings their total holding to 12,749 as of the date of the filing.
On the sell side, the most recent transaction saw Feldman unload 1,000 shares at a sale price of $1.57. This brings their total holding to 218,858.
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 Gse Systems Inc. (NYSEMKT:GVP) as things move forward to see if its progress aligns with these transactions.
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