In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cenveo Inc. (NYSE:CVO) reported that Puri Nathu R has picked up 705,000 of common stock as of 2017-05-09.
The acquisition brings the aggregate amount owned by Puri Nathu R to a total of 705,000 representing less than 8.245% stake in the company.
For those not familiar with the company, Cenveo, Inc. is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Company operates through three segments: Envelope, Print and Label. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users, including financial institutions, insurance companies and telecommunications companies. The Company’s Print segment provides a range of print offerings to its customers, including electronic prepress, digital asset archiving, direct-to-plate technology, color printing on Web and sheet-fed presses, digital printing and content management. The Company’s Label segment specializes in the design, manufacturing and printing of labels, such as custom labels, overnight packaging labels and pressure-sensitive prescription labels.
A glance at Cenveo Inc. (NYSE:CVO)’s key stats reveals a current market capitalization of 42.77 Million based on 8.55 Million shares outstanding and a price at last close of $5.04 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-06, Burton picked up 4,050 at a purchase price of $5.32. This brings their total holding to 384,208 as of the date of the filing.
On the sell side, the most recent transaction saw Haji unload 1,582 shares at a sale price of $7.76. This brings their total holding to 87,620.
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 Cenveo Inc. (NYSE:CVO) as things move forward to see if its progress aligns with these transactions.
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