In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ricebran Technologies (NASDAQ:RIBT) reported that DG Capital Management has picked up 1,066,200 of common stock as of 2017-07-28.
The acquisition brings the aggregate amount owned by DG Capital Management to a total of 1,066,200 representing a 9.8% in the company.
For those not familiar with the company, RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments. The USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products.
A glance at Ricebran Technologies (NASDAQ:RIBT)’s key stats reveals a current market capitalization of 11.69M based on 10.93M shares outstanding and a price at last close of $1.07 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-05-23, Short picked up 10,000 at a purchase price of $1.48 per share.This brings their total holding to 224,703 as of the date of the filing.
On the sell side, the most recent transaction saw Hoogenkamp unload 500 shares at a sale price of $15.61. This brings their total holding to 8,953.
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 Ricebran Technologies (NASDAQ:RIBT) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.