Here is Who Picked up Shiloh Industries Inc. (NASDAQ:SHLO)Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Shiloh Industries Inc (NASDAQ:SHLO) reported that Mtd Holdings Inc has picked up   7,905,266   of common stock as of 2017-07-19.

The acquisition brings the aggregate amount owned by Mtd Holdings Inc to a total of   7,905,266 representing a 34.2% in the company.

For those not familiar with the company, Shiloh Industries, Inc. is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys. The Company delivers these solutions through design, engineering and manufacturing of first operation blanks, engineered welded blanks, complex stampings, modular assemblies, and engineered aluminum and magnesium die casting and machined components. The Company offers its solutions through its BlankLight, CastLight and StampLight brands. The Company delivers solutions in body, chassis and powertrain systems to original equipment manufacturers (OEMs). The Company also provides intermediate steel processing services, such as oiling, leveling, cutting-to-length, slitting, edge trimming of hot and cold-rolled steel coils and inventory control services.

A glance at Shiloh Industries Inc. (NASDAQ:SHLO)’s key stats reveals a current market capitalization of 196.26 Million based 22.87 Million shares outstanding and a price at last close of $8.61.

Looking at insider activity, there are a few recent transactions worth noting.

Specifically, on 2015-09-16, Hermiz picked up 11,600 at a purchase price of $8.60. This brings their total holding to 91,857 as of the date of the filing.

On the sell side, the most recent transaction saw Parente unload 2,000 shares at a sale price of $18.90. This brings their total holding to 22,000.

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 Shiloh Industries Inc (NASDAQ:SHLO) 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.