In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Royal Hawaiian Orchards L.p. (OTCMKTS:NNUTU) reported that Ebrahimi Farhad Fred has picked up 16,982,900 of common stock as of 2017-05-19.
The acquisition brings the aggregate amount owned by Ebrahimi Farhad Fred to a total of 16,982,900 representing less than 76.50% stake in the company.
For those not familiar with the company, Royal Hawaiian Orchards, L.P. is a producer, marketer and distributor of macadamia nut-based products. The Company operates in two segments: orchards and branded products. The orchards segment includes the Company’s orchard, farming and processing operations. The branded products segment includes the development, manufacture and sale of branded products and the sale of processed kernel. The Company is a macadamia nut farmer in Hawaii, farming approximately 5,379 tree acres of orchards that it owns or leases in over two locations on the island of Hawaii, including over 641 tree acres that it owns and leases to another party. It also farms approximately 427 tree acres of macadamia orchards in Hawaii for other orchard owners. The Company sells its products to national, regional and independent grocery and drug store chains, as well as mass merchandisers, club stores and other retail channels. It also sells bulk kernel to nut brokers and companies using the kernel in their products.
A glance at Royal Hawaiian Orchards L.p. (OTCMKTS:NNUTU)’s key stats reveals a current market capitalization of 19.98 Million based on 11.10 Million shares outstanding and a price at last close of $1.81 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-15, Ebrahimi picked up 6,608,428 at a purchase price of $1.79. This brings their total holding to 6,608,428 as of the date of the filing.
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 Royal Hawaiian Orchards L.p. (OTCMKTS:NNUTU) as things move forward to see if its progress aligns with these transactions.
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