In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bonanza Creek Energy Inc. (NYSE:BCEI) reported that Mangrove Partners Master Fund, Ltd. has picked up 1,552,500 of common stock as of 2017-07-19.
The acquisition brings the aggregate amount owned by Mangrove Partners Master Fund, Ltd. to a total of 1,552,500 representing a 7.6% in the company.
For those not familiar with the company, Denver-based Bonanza Creek Energy, Inc. is an exploration and production company focused on the extraction of oil and associated liquids-rich natural gas in the United States. Founded in 1999, the company went public in December 2011. The common shares are listed for trading on the NYSE under the symbol “BCEI.”
A glance at Bonanza Creek Energy Inc. (NYSE:BCEI)’s key stats reveals a current market capitalization of 576.21 Million based on 20.35 Million shares outstanding and a price at last close of $28.32 Per SHARE.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-01-05, Fir picked up 59,700 at a purchase price of $1.45. This brings their total holding to 8,586,485 as of the date of the filing.
On the sell side, the most recent transaction saw Whitebox unload 20,237 shares at a sale price of $39.22. This brings their total holding to 2,319,414.
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 Bonanza Creek Energy Inc. (NYSE:BCEI) 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.