In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Pdvwireless Inc. (NASDAQ:PDVW) reported that Vanguard Group Inc. has picked up 1,443,107 of common stock as of 2017-05-10.
The acquisition brings the aggregate amount owned by Vanguard Group Inc. to a total of 1,443,107 representing less than 10.06% stake in the company.
For those not familiar with the company, pdvWireless, Inc., formerly Pacific DataVision, Inc., is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations. The Company is deploying and operating the two-way radio networks that offer push-to-talk (PTT) communications services to primarily dispatch-centric, small and medium-sized businesses. The Company has launched its PTT networks in markets throughout the United States. The Company offers its DispatchPlus service, which combines pdvConnect, its suite of mobile communication and workforce management applications with digital network architecture and mobile devices. Developed for dispatch-centric businesses, pdvConnect enables businesses to locate and communicate with their field workers.
A glance at Pdvwireless Inc. (NASDAQ:PDVW)’s key stats reveals a current market capitalization of 319.23 Million based on 14.34 Million shares outstanding and a price at last close of $22.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-01, Sidman picked up 500 at a purchase price of $23.50. This brings their total holding to 14,150 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 Pdvwireless Inc. (NASDAQ:PDVW) as things move forward to see if its progress aligns with these transactions.
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