In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Reed’s Inc. (NYSEMKT:REED) reported that Raptor/harbor Reeds Spv Llc has picked up 826,667 of common stock as of 2017-07-21.
The acquisition brings the aggregate amount owned by Raptor/harbor Reeds Spv Llc to a total of 826,667 representing a 5.46% in the company.
For those not familiar with the company, Reed’s, Inc. develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products. The Company sells its products throughout the United States and in select international markets. It sells products through a network of natural, gourmet and beer distributors and direct to certain large national retailers. The Company also has private label business. The Company manufactures and sells beverages and candies or other ginger related products. The Company produces carbonated beverages in multiple facilities, including a facility in Los Angeles, California, known as The Brewery.
A glance at Reed’s Inc. (NYSEMKT:REED)’s key stats reveals a current market capitalization of 23.07 Million based on 13.98 Million shares outstanding and a price at last close of $1.65 Per Share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-12-19, Reed picked up 5,000 at a purchase price of $2,700.00.This brings their total holding to 2,423,890 as of the date of the filing.
On the sell side, the most recent transaction saw Reed unload 470,000 shares at a sale price of $0.03. This brings their total holding to 1,684,775.
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 Reed’s Inc. (NYSEMKT:REED) 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.