In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Numerex Corp (NASDAQ:NMRX) reported that Viex Capital Advisors, Llc has picked up 399,837 of common stock as of 2017-08-04.
The acquisition brings the aggregate amount owned by Viex Capital Advisors, Llc to a total of 399,837 representing a 2.0% in the company.
For those not familiar with the company, Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Company offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. Its technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users. It provides various enabling value-added services through the go-to-market process for its customers by simplifying the IoT implementation through its cloud-based and horizontal IoT platform. The Company offers its network services through cellular, satellite, broadband and wireline networks worldwide to transmit data. It offers Numerex platform, which combines IoT service enablement features with application framework to deploy solutions. The Company’s cellular networks include national and regional carriers, and consist of second generation (2G), third generation (3G) and fourth generation (4G) technologies.
A glance at Numerex Corp (NASDAQ:NMRX)’s key stats reveals a current market capitalization of 85.58M based on 19.54M shares outstanding and a price at last close of $4.38 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-04-04, Singer picked up 3,107 at a purchase price of $6.04 per share.This brings their total holding to 1,259,908 as of the date of the filing.
On the sell side, the most recent transaction saw Constantine unload 5,000 shares at a sale price of $8.78. This brings their total holding to 59,556.
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 Numerex Corp (NASDAQ:NMRX) 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.