In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lmi Aerospace Inc. (NASDAQ:LMIA) reported that Michas Alexis P has picked up 1,013,694 of common stock as of 2017-05-16.
The acquisition brings the aggregate amount owned by Michas Alexis P to a total of 1,013,694 representing less than 7.4% stake in the company.
For those not familiar with the company, LMI Aerospace, Inc. is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries. Its Engineering Services segment provides a range of design, engineering and program management services, supporting aircraft product lifecycles from conceptual design, analysis and certification through production support, fleet support and service life extensions through an engineering solution to original equipment manufacturers (OEMs) and Tier 1 aerospace suppliers, and airline operators.
A glance at Lmi Aerospace Inc. (NASDAQ:LMIA)’s key stats reveals a current market capitalization of 191.03 Million based on 13.69 Million shares outstanding and a price at last close of $0.702 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-21, Korte picked up 160 at a purchase price of $11.74. This brings their total holding to 104,057 as of the date of the filing.
On the sell side, the most recent transaction saw Saks unload 2,000 shares at a sale price of $8.42. This brings their total holding to 150,253.
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 Lmi Aerospace Inc. (NASDAQ:LMIA) as things move forward to see if its progress aligns with these transactions.
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