In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Carbo Ceramics Inc (NYSE:CRR) reported that Wilks Brothers, Llc. has picked up 3,344,915 of common stock as of 2017-05-22.
The acquisition brings the aggregate amount owned by Wilks Brothers, Llc. to a total of 3,344,915 representing less than 12.1% stake in the company.
For those not familiar with the company, CARBO Ceramics Inc. is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions. The Company’s environmental products and services segment is intended to protect operators’ assets, minimize environmental risks, and lower lease operating expense (LOE). The Company, through Asset Guard Products Inc. (AGPI), provides spill prevention, containment and countermeasure systems for the oil and gas industry. The Company manufactures various ceramic proppants.
A glance at Carbo Ceramics Inc (NYSE:CRR)’s key stats reveals a current market capitalization of 233.03 Million based on 27.14 Million shares outstanding and a price at last close of $8.72 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-03, Conkle picked up 8,000 at a purchase price of $6.33. This brings their total holding to 99,940 as of the date of the filing.
On the sell side, the most recent transaction saw Contrarius unload 1,922 shares at a sale price of $8.08. This brings their total holding to 535,841.
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 Carbo Ceramics Inc (NYSE:CRR) as things move forward to see if its progress aligns with these transactions.
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