In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Transcat Inc. (NASDAQ:TRNS) reported that Wcm Investment Management/ca has picked up 470,097 of common stock as of 2017-02-09.
The acquisition brings the aggregate amount owned by Wcm Investment Management/ca to a total of 470,097 representing a 6.71% stake in the company.
For those not familiar with the company, Transcat, Inc. is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak). Through its Distribution segment, the Company markets, sells and rents national brand instruments to customers around the globe. The Company is focused on providing its services and products to the life science industries, which include pharmaceutical, biotechnology, medical device manufacturing and other Food and Drug Administration (FDA)-regulated businesses.
A glance at Transcat Inc. (NASDAQ:TRNS)’s key stats reveals a current market capitalization of 77.96 million based on 7.02 million shares outstanding and a price at last close of $11.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-01-19, Panzarella picked up 1,000 at a purchase price of $10.68. This brings their total holding to 11,000 as of the date of the filing.
On the sell side, the most recent transaction saw Santrella unload 937 shares at a sale price of $10.37. This brings their total holding to 82,772.
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 Transcat Inc. (NASDAQ:TRNS) as things move forward to see if its progress aligns with these transactions.
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