Grossman Bruce Picked SG Blocks, Inc. (NASDAQ:SGBX) Shares



In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), SG Blocks, Inc. (NASDAQ:SGBX) reported that Grossman Bruce has picked up 370,500 of common stock as of 2017-07-06.

The acquisition brings the aggregate amount owned by Grossman Bruceto a total of 370,500 representing a 9.3% stake in the company.

For those not familiar with the company, SG Blocks , Inc. (NASDAQ:SGBX) is the premier innovator and designer of some of the world’s most iconic container-based structures.

A glance at SG Blocks, Inc. (NASDAQ:SGBX)’s key stats reveals a current market capitalization of $19.07 Million based on $3.98 Million shares outstanding and a price at last close of $4.78 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-06-27, Shetty picked up 20,000 at a purchase price of $5.00. This brings their total holding to 20,000 as of the date of the filing.

On the sell side, the most recent transaction saw Blackhurst unload 1,604 shares at a sale price of $25.50. This brings their total holding to 5,106.

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 SG Blocks, Inc. (NASDAQ:SGBX) as things move forward to see if its progress aligns with these transactions.

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