In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hooper Holmes, Inc. (OTCMKTS:HPHW) reported that Wh-hh Holdings, Llc. has picked up 12,519,259 of common stock as of 2017-05-22.
The acquisition brings the aggregate amount owned by Wh-hh Holdings, Llc. to a total of 12,519,259 representing less than 49.1% stake in the company.
For those not familiar with the company, Hooper Holmes, Inc. is a provider of on-site screenings, laboratory testing, risk assessment and sample collection services to individuals as part of Health and Wellness programs offered through corporate and government employers, as well as to clinical research organizations. The Company, through its subsidiary Accountable Health Solutions, Inc., has various capabilities, including telephonic health coaching, wellness portals, data analytics and reporting services. The Company is engaged by organizations sponsoring such programs, including corporate and government employers, health plans, hospital systems, brokers and consultants, disease management organizations, third party administrators, clinical research organizations and academic institutions. The Company’s Health and Wellness operations performs health risk assessment and risk management services by organizing Health and Wellness events.
A glance at Hooper Holmes, Inc. (OTCMKTS:HPHW)’s key stats reveals a current market capitalization of 18.10 Million based on 25.49 Million shares outstanding and a price at last close of $0.710 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-04-06, Pappajohn picked up 59 at a purchase price of $0.85. This brings their total holding to 1,750,930 as of the date of the filing.
On the sell side, the most recent transaction saw Cannell unload 110,418 shares at a sale price of $0.16. This brings their total holding to 10,340,566.
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 Hooper Holmes, Inc.(OTCMKTS:HPHW) as things move forward to see if its progress aligns with these transactions.
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