In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), American Electric Technologies Inc. (NASDAQ:AETI) reported that Jch Crenshaw Holdings, Llc. has picked up 1,360,000 of common stock as of 2017-06-12.
The acquisition brings the aggregate amount owned by Jch Crenshaw Holdings, Llc. to a total of 1,360,000 representing less than 14.1% stake in the company.
For those not familiar with the company, American Electric Technologies, Inc. is a provider of power delivery solutions to the global energy industry. The Company serves a range of markets, such as power generation and distribution, oil and gas, and marine and industrial. It provides power delivery solutions for the power generation and distribution market sectors. It works with turbine manufacturers, engine-generator manufacturers and dealers, engineering, procurement and construction (EPC) firms, and high voltage service companies to provide electric power delivery products and solutions. It designs, manufactures, commissions and maintains its equipment for implementation in base-load, peaking power, cogeneration and substation transmission facilities across the world. It provides power delivery solutions for the upstream, midstream and downstream oil and natural gas sectors. Its industrial markets include non-oil and gas industrial markets, such as steel, paper, heavy commercial, and other non-oil and gas applications.
A glance at American Electric Technologies Inc. (NASDAQ:AETI)’s key stats reveals a current market capitalization of 13.17 Million based on 8.49 Million shares outstanding and a price at last close of $1.55 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-09-09, Peacock picked up 1,375 at a purchase price of $3.14. This brings their total holding to 344,400 as of the date of the filing.
On the sell side, the most recent transaction saw Steffek unload 225 shares at a sale price of $5.27. This brings their total holding to 622,724.
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 American Electric Technologies Inc. (NASDAQ:AETI) as things move forward to see if its progress aligns with these transactions.
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