In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Universal Technical Institute, Inc. (NYSE:UTI) that Pvam Perlus Microcap Fund, L.p. has picked up 1,242,860 of common stock as of 2017-07-13.
The acquisition brings the aggregate amount owned by Pvam Perlus Microcap Fund, L.p. to a total of 1,242,860 representing a 5.02% stake in the company.
For those not familiar with the company, Universal Technical Institute, Inc. is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech). The Company also offers manufacturer specific advanced training (MSAT) programs, including student-paid electives, at its campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. UTI offers automotive, diesel and industrial, and collision repair and refinishing programs.
A glance at Universal Technical Institute, Inc. (NYSE:UTI)’s key stats reveals a current market capitalization of $86.13 Million based on $24.75 Million shares outstanding and a price at last close of $3.53 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-22, Coliseum picked up 19,000 at a purchase price of $4.75. This brings their total holding to 3,601,724 as of the date of the filing.
On the sell side, the most recent transaction saw Blaszkiewicz unload 5,580 shares at a sale price of $3.61. This brings their total holding to 42,567.
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 Universal Technical Institute, Inc. (NYSE:UTI) as things move forward to see if its progress aligns with these transactions.
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