Dolphin Offshore Partners Just Took A Position In Precision Optics Corporation Inc. (OTCMKTS:PEYE)


We’ve been keeping a close on on Precision over he last month or so. With a government shakeup in the US dominating sentiment, and for a company that has such close ties to the government, that means a potential make or break period.

Well, things aren’t looking too bad. The company just picked up some institutional support, suggesting there’s expectations of near term growth. Here are the details.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Precision Optics Corporation Inc. (OTCMKTS:PEYE) reported that Dolphin Offshore Partners Lp has picked up  of 1,612,341 common stock as of 2016-12-27.

The acquisition brings the aggregate amount owned by Dolphin Offshore Partners Lp to a total of 1,612,341 representing a 18.17% stake in the company.

For those not familiar with the company, Precision Optics Corporation, Inc. designs, develops, manufactures and sells specialized optical and illumination systems and related components. The Company manufactures products in two areas: medical products for use by hospitals and physicians, and products used by military and industrial customers. Its medical instrumentation line includes traditional endoscopes and endocouplers, as well as other custom imaging and illumination products for use in minimally invasive surgical procedures. It manufactures three dimensional (3D) endoscopes and small Microprecision lenses. The Company develops and sells endoscopes integrating various optical technologies, including its Lenslock technology, for use in a range of minimally invasive surgical and diagnostic procedures.

A glance at Precision Optics Corporation Inc. (OTCMKTS:PEYE)’s key stats reveals a current market capitalization of 4.37 million based on 7.54 million shares outstanding and a price at last close of $0.590 per share.

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

Specifically, on 2016-12-22, Hershey picked up 25,980 at a purchase price of $0.60. This brings their total holding to 1,460,980 as of the date of the filing.

On the sell side, the most recent transaction saw Sternberg unload 60,000 shares at a sale price of $0.50. This brings their total holding to 1,091,355.                      .

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 Precision Optics Corporation Inc. (OTCMKTS:PEYE) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.