In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ascent Capital Group Inc. (NASDAQ:ASCMA) reported that GAMCO Investors has picked up 129,600 of common stock as of 2017-06-22.
The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 129,600 representing a 1.08% stake in the company.
For those not familiar with the company, Ascent Capital Group, Inc. is a holding company. The Company’s subsidiaries include Monitronics International, Inc. (MONI) and LiveWatch Security, LLC (LiveWatch). The Company’s segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers’ premises, as well as providing customer service and technical support. LiveWatch is a do-it-yourself home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising. When a customer initiates the process to obtain monitoring services, LiveWatch pre-configures the alarm monitoring system based on customer specifications.
A glance at Ascent Capital Group Inc. (NASDAQ:ASCMA)’s key stats reveals a current market capitalization of $194.92 Million based on $11.97 Million shares outstanding and a price at last close of $15.10 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-17, Fitzgerald picked up 300 at a purchase price of $16.00. This brings their total holding to 98,136 as of the date of the filing.
On the sell side, the most recent transaction saw Vogel unload 6,035 shares at a sale price of $17.76. This brings their total holding to 0.
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 Ascent Capital Group Inc. (NASDAQ:ASCMA) as things move forward to see if its progress aligns with these transactions.
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