In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), MRC Global Inc. (NYSE:MRC) reported that Integrated Core Strategies (us) Llc has picked up 4,395,864 of common stock as of 2017-07-31.
The acquisition brings the aggregate amount owned by Integrated Core Strategies (us) Llc to a total of 4,395,864 representing a 4.7% in the company.
For those not familiar with the company, MRC Global Inc. is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region. It provides services, such as product testing, manufacturer assessments, daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces customized to customer and supplier specifications for tracking and replenishing inventory, engineering of control packages, and valve inspection and repair. The Company’s principal product types include valves, automation, measurement and instrumentation; carbon steel fittings and flanges; stainless steel and alloy fittings, flanges and pipe; gas products; line pipe, and other.
A glance at MRC Global Inc. (NYSE:MRC)’s key stats reveals a current market capitalization of 1.54B based on 94.47M shares outstanding and a price at last close of $16.34 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-05-06, Witt picked up 1,740 at a purchase price of $14.15 per share.This brings their total holding to 33,606 as of the date of the filing.
On the sell side, the most recent transaction saw Churay unload 100 shares at a sale price of $21.32. This brings their total holding to 57,148.
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 MRC Global Inc. (NYSE:MRC) 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.