In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Avalon Holdings Corp (NYSEMKT:AWX) reported that Advisory Research Inc. has picked up 140,033 of common stock as of 2017-05-08.
The acquisition brings the aggregate amount owned by Advisory Research Inc. to a total of 140,033 representing less than 4.4% stake in the company.
For those not familiar with the company, Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in northeastern and midwestern United States markets, captive landfill management for an industrial customer and salt water injection well operations. The Company operates through two segments. The Company’s waste management services segment includes waste disposal brokerage and management services, captive landfill management operations and salt water injection well operations. The golf and related operations segment includes the operation and management of over three golf courses and related clubhouses, a hotel, fitness centers, tennis courts, spa services, dining and banquet and conference facilities and a travel agency. Its subsidiary, American Waste Management Services, Inc., assists customers with managing and disposing of wastes at various treatment and disposal sites. Its golf courses are located in Warren, Ohio, Vienna, Ohio and Sharon, Pennsylvania.
A glance at Avalon Holdings Corp (NYSEMKT:AWX)’s key stats reveals a current market capitalization of 9.76 Million based on 3.19 Million shares outstanding and a price at last close of $2.65 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2012-03-29, Bozanich picked up 207 at a purchase price of $5.85. This brings their total holding to 2,000 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 Avalon Holdings Corp (NYSEMKT:AWX) as things move forward to see if its progress aligns with these transactions.
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