In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Advanced Emissions Solutions Inc. (NASDAQ:ADES) reported that Coliseum Capital has picked up 2,090,456 of common stock as of 2017-05-12.
The acquisition brings the aggregate amount owned by Coliseum Capital to a total of 2,090,456 representing less than 9.4% stake in the company.
For those not familiar with the company, Advanced Emissions Solutions, Inc. is a leader in clean coal technology and the associated specialty chemicals, serving the coal-fueled power plant industry. Our proprietary environmental technologies and specialty chemicals enable power plants to enhance existing air pollution control equipment, minimize mercury, acid gases, and other emissions, maximize capacity, and improve operating efficiency to meet the challenges of existing and pending emission control regulations. Advanced Emissions Solutions, Inc. serves as the holding company for ADA-ES, Inc. and is an owner in Tinuum Group, LLC.
A glance at Advanced Emissions Solutions Inc. (NASDAQ:ADES)’s key stats reveals a current market capitalization of 216.93 Million based on 22.30 Million shares outstanding and a price at last close of $9.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-01-20, Alta picked up 231,271 at a purchase price of $9.00. This brings their total holding to 1,094,246 as of the date of the filing.
On the sell side, the most recent transaction saw Mckinnies unload 1,000 shares at a sale price of 56.00. This brings their total holding to 76,668.
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 Advanced Emissions Solutions Inc. (NASDAQ:ADES) as things move forward to see if its progress aligns with these transactions.
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