In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Astronics Corp (NASDAQ:ATRO) reported that 5096 Saranac Llc. has picked up 1,300,269 of common stock as of 2017-05-15.
The acquisition brings the aggregate amount owned by 5096 Saranac Llc. to a total of 1,300,269 representing less than 18.2% stake in the company.
For those not familiar with the company, Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems. The Company operates through two segments: Aerospace and Test Systems. The Aerospace segment designs and manufactures products for the global aerospace industry. Its product lines include lighting and safety systems, electrical power generation, distribution and motions systems, aircraft structures, avionics products, systems certification and other products. The Test Systems segment designs, develops, manufactures and maintains automated test systems that support the semiconductor, aerospace, communications and weapons test systems, as well as training and simulation devices for both commercial and military applications.
A glance at Astronics Corp (NASDAQ:ATRO)’s key stats reveals a current market capitalization of 886.93 Million based on 21.64 Million shares outstanding and a price at last close of $21.64 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-18, Brady picked up 4,500 at a purchase price of $35.40. This brings their total holding to 24,397 as of the date of the filing.
On the sell side, the most recent transaction saw Peabody unload 1,000 shares at a sale price of $37.02. This brings their total holding to 27,368.
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 Astronics Corp (NASDAQ:ATRO) as things move forward to see if its progress aligns with these transactions.
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