In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Envirostar Inc. (NYSEMKT:EVI) reported that Symmetric Capital Llc has picked up 5,100,155 of common stock as of 2016-12-13.
The acquisition brings the aggregate amount owned by Symmetric Capital Llc to a total of 5,100,155 representing a 49.1% stake in the company.
For those not familiar with the company, EnviroStar, Inc., through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.
A glance at Envirostar Inc. (NYSEMKT:EVI)’s key stats reveals a current market capitalization of $118.09 million based on 9.98 million shares outstanding and a price at last close of $12.20 per share.
Looking at insider activity, there are a few transactions worth noting.
On the sell side, the most recent transaction saw Steiner unload 4,625 shares at a sale price of $13.26. This brings their total holding to 505,475.
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 Envirostar Inc. (NYSEMKT:EVI) as things move forward to see if its progress aligns with these transactions.
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