In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), First Foundation Inc. (NASDAQ:FFWM) reported that Keller Ulrich E. Jr has picked up 2,732,170 of common stock as of 2017-01-19.
The acquisition brings the aggregate amount owned by Keller Ulrich E. Jr to a total of 2,732,170 representing a 8.3% stake in the company.
For those not familiar with the company, First Foundation Inc. is a financial services holding company. The Company provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company’s segments include Banking; Investment Management, Wealth Planning and Consulting (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA.
A glance at First Foundation Inc. (NASDAQ:FFWM)’s key stats reveals a current market capitalization of 219.48 million based on 16.33 million shares outstanding and a price at last close of $13.85 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-17, Michel picked up 14,000 at a purchase price of $10.00. This brings their total holding to 33,255 as of the date of the filing.
On the sell side, the most recent transaction saw Keller unload 5,000 shares at a sale price of $28.42. This brings their total holding to 1,260,585.
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 First Foundation Inc. (NASDAQ:FFWM) as things move forward to see if its progress aligns with these transactions.
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