In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), SAExploration Holdings Inc. (NASDAQ:SAEX) reported that Whitebox Advisors has picked up 2,609,039 of common stock as of 2017-07-27.
The acquisition brings the aggregate amount owned by Whitebox Advisors to a total of 2,609,039 representing a 27.9% in the company.
For those not familiar with the company, SAExploration (NASDAQ: SAEX) is an internationally-focused oilfield services company offering a full range of vertically-integrated seismic data acquisition and logistical support services in remote and complex environments throughout Alaska, Canada, South America, Southeast Asia and Africa.
With more than 2,000 employees in ten countries, SAExploration helps meet the world’s growing demand for energy in economically, environmentally and socially responsible ways..
A glance at SAExploration Holdings Inc. (NASDAQ:SAEX)’s key stats reveals a current market capitalization of 27.89M based on 9.36M shares outstanding and a price at last close of $3.00 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-03-17, Beatty picked up 17,500 at a purchase price of $$0.85 per share.This brings their total holding to 540,066 as of the date of the filing.
On the sell side, the most recent transaction saw Beatty unload 8,865 shares at a sale price of $7.27. This brings their total holding to 0.
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 SAExploration Holdings Inc. (NASDAQ:SAEX) 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.