In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Perceptron Inc. (NASDAQ:PRCP) reported that Harbert Discovery Fund, Lp. has picked up 504,100 of common stock as of 2017-06-08.
The acquisition brings the aggregate amount owned by Harbert Discovery Fund, Lp. to a total of 504,100 representing less than 5.4% stake in the company.
For those not familiar with the company, Perceptron, Inc. develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software. The Company’s products are categorized as In-Line, Near-Line and Off-Line Measurement Solutions (Measurement Solutions); 3D Scanning Solutions, and Value Added Services. Its In-Line and Near-Line measurement solutions include AutoGauge, AutoFit, AutoScan, AutoGuide and Helix. Its Off-Line measurement solutions include Coord3 and TouchDMIS. Its 3D Scanning Solutions include ScanWorks, ScanR and WheelWorks. Its Value Added Services include training, field service, calibration, launch support services, maintenance agreements and repairs. The Company operates in the Americas, Europe and Asia.
A glance at Perceptron Inc. (NASDAQ:PRCP)’s key stats reveals a current market capitalization of 70.27 Million based on 9.42 Million shares outstanding and a price at last close of $7.48 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-15, Ratigan picked up 766 at a purchase price of $34.10. This brings their total holding to 5,657 as of the date of the filing.
On the sell side, the most recent transaction saw Smith unload 1,000 shares at a sale price of $10.00. This brings their total holding to 25,307.
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 Perceptron Inc. (NASDAQ:PRCP) as things move forward to see if its progress aligns with these transactions.
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