In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Infusystem Holdings Inc. (NYSEMKT:INFU) reported that Sansone Advisors, Llc. has picked up 1,483,548 of common stock as of 2017-06-29.
The acquisition brings the aggregate amount owned by Sansone Advisors, Llc. to a total of 1,483,548 representing a 6.5% stake in the company.
For those not familiar with the company, InfuSystem Holdings, Inc. is a provider of infusion pumps and related products and services for patients in the home, oncology clinics, ambulatory surgery centers and other sites of care. The Company delivers local, field-based customer support and also operates pump service and repair Centers of Excellence in Michigan, Kansas, California, Texas and Ontario, Canada. Its service is to supply electronic ambulatory infusion pumps and associated disposable supply kits to oncology clinics, infusion clinics and hospital outpatient chemotherapy clinics for the treatment of a range of cancers, including colorectal cancer, pain management and other disease states. It sells or rents new and pre-owned pole mounted and ambulatory infusion pumps to, and provides biomedical recertification, maintenance and repair services for oncology practices, as well as other alternate site settings, including home care and home infusion providers, skilled nursing facilities, pain centers and others.
A glance at Infusystem Holdings Inc. (NYSEMKT:INFU) key stats reveals a current market capitalization of $40.99 Million based on $22.76 Million shares outstanding and a price at last close of $1.75 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-07, Meridian picked up 109 at a purchase price of $1.50. This brings their total holding to 2,681,619 as of the date of the filing.
On the sell side, the most recent transaction saw Dreyer unload 10,000 shares at a sale price of $3.15. This brings their total holding to 130,434.
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 Infusystem Holdings Inc. (NYSEMKT:INFU) as things move forward to see if its progress aligns with these transactions.
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