In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sono Tek Corp (OTCMKTS:SOTK) reported that Emancipation Capital has picked up 5,503,940 of common stock as of 2017-05-10.
The acquisition brings the aggregate amount owned by Emancipation Capital to a total of 5,503,940 representing less than 36.8% stake in the company.
For those not familiar with the company, Sono-Tek Corporation is engaged in the development, manufacture and sale of ultrasonic liquid atomizing nozzles. The Company utilizes its technology, ultrasonic spray coating, to provide customized coating solutions to a range of manufacturing companies, enabling to develop new products. The Company operates through two segments: ultrasonic spray coating systems, which is in the business of developing, manufacturing, selling, installing and servicing ultrasonic spray coating equipment, and real estate operations, which is in the business of owning and operating the Sono-Tek Industrial Park. The Company offers its products to a range of markets, including electronics, advanced energy (solar and fuel cells), medical device, glass, textiles and foods. The Company serves electronics industry in approximately two sectors, printed circuit board (PCB) manufacturing and semiconductor manufacturing. It offers products, such as SonoFlux 2000F, SelectaFlux, MediCoat I, Medicoat II and WideTrack.
A glance at Sono Tek Corp (OTCMKTS:SOTK)’s key stats reveals a current market capitalization of 1.57 Billion based on 43.64 Million shares outstanding and a price at last close of $1.08 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-04-19, Harshbarger picked up 12,500 at a purchase price of $0.51. This brings their total holding to 27,500 as of the date of the filing.
On the sell side, the most recent transaction saw Schwartz unload 4,000 shares at a sale price of $1.10. This brings their total holding to 1,495,547.
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 Sono Tek Corp (OTCMKTS:SOTK) as things move forward to see if its progress aligns with these transactions.
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