In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Huntsman Corp (NYSE:HUN) reported that Huntsman Family Holdings Co Llc. has picked up 17,492,067 of common stock as of 2017-05-30.
The acquisition brings the aggregate amount owned by Huntsman Family Holdings Co Llc. to a total of 17,492,067 representing less than 7.3% stake in the company.
For those not familiar with the company, Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. Its Polyurethanes, Performance Products, Advanced Materials and Textile Effects segments produce differentiated organic chemical products and its Pigments and Additives segment produces inorganic chemical products. The Company’s products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, digital inks, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries.
A glance at Huntsman Corp (NYSE:HUN)’s key stats reveals a current market capitalization of 5.82 Billion based on 239.75 Million shares outstanding and a price at last close of $24.36 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-12-16, Ridd picked up 3,000 at a purchase price of $10.20. This brings their total holding to 211,682 as of the date of the filing.
On the sell side, the most recent transaction saw Huntsman unload 100,000 shares at a sale price of $25.52. This brings their total holding to 498,816.
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 Huntsman Corp (NYSE:HUN) 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.