In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Peak Resorts Inc. (NASDAQ:SKIS) reported that Forward Management has picked up 560,675 of common stock as of 2017-05-11.
The acquisition brings the aggregate amount owned by Forward Management to a total of 560,675 representing less than 4% stake in the company.
For those not familiar with the company, Peak Resorts, Inc. is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont. It also manages hotels in Bartlett, New Hampshire; West Dover, Vermont, and Hunter, New York. As of April 30, 2016, the Company operates 14 ski resorts, which consist of six overnight drive ski resorts and eight day ski resorts located across seven states, ranging from Missouri to New Hampshire, and appeal to a range of visitors. As of April 30, 2016, the Company’s resorts comprises approximately 1,860 acres of skiable terrain that appeal to a range of ages and abilities.
A glance at Peak Resorts Inc. (NASDAQ:SKIS)’s key stats reveals a current market capitalization of 76.10 Million based on 13.98 Million shares outstanding and a price at last close of $5.54 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-01, Kraus picked up 1,800 at a purchase price of $5.35. This brings their total holding to 6,907 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 Peak Resorts Inc. (NASDAQ:SKIS) as things move forward to see if its progress aligns with these transactions.
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