Here’s Who Just Picked Up West Marine Inc. (NASDAQ:WMAR) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), West Marine Inc. (NASDAQ:WMAR) reported that Repass Randolph K has picked up 6,501,286 of common stock as of 2017-03-16.

The acquisition brings the aggregate amount owned by Repass Randolph K to a total of 6,501,286 representing a 26.0% stake in the company.

For those not familiar with the company, West Marine, Inc. is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites. It is a specialty retailer of boating supplies, gear, apparel, footwear and other waterlife-related products. It operates approximately 260 stores located in approximately 40 states, Puerto Rico and Canada. Its products include boating products and merchandise expansion products. Its boating products include maintenance, electronics, sailboat hardware, anchors/docking/moorings, engine systems, boats/outboards, ventilation, navigation, trailering, seating/boat covers and barbecues/appliances. Its merchandise expansion products include clothing accessories, fishing, watersports, paddlesports, coolers and waterlife lifestyle accessories.

A glance at West Marine Inc. (NASDAQ:WMAR)’s key stats reveals a current market capitalization of 229.20 Million based on 25.00 Million shares outstanding and a price at last close of $9.35 share.

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

Specifically, on 2016-03-18, Hyde picked up 1,100 at a purchase price of $9.11. This brings their total holding to 143,380 as of the date of the filing.

On the sell side, the most recent transaction saw Rambo unload 2,175 shares at a sale price of $11.32. This brings their total holding to 15,812.

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 West Marine Inc. (NASDAQ:WMAR) as things move forward to see if its progress aligns with these transactions.

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