In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Wesco Aircraft Holdings Inc. (NYSE:WAIR) reported that Bancroft Thomas has picked up 9,325,308 of common stock as of 2017-05-31.
The acquisition brings the aggregate amount owned by Bancroft Thomas to a total of 9,325,308 representing less than 9.4% stake in the company.
For those not familiar with the company, Wesco Aircraft Holdings, Inc. is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts. The Company’s products include Hardware, Chemicals, Electronic Components, Bearings and Other Products. Its Services include Quality Assurance, Kitting and JIT Supply Chain Management. It caters to commercial, military and general aviation sectors, including the original equipment manufacturers (OEMs) and their subcontractors, through which it supports various Western aircraft programs, and also sells products to airline-affiliated and independent maintenance, repair and overhaul (MRO) providers. It also services industrial customers.
A glance at Wesco Aircraft Holdings Inc. (NYSE:WAIR)’s key stats reveals a current market capitalization of 977.68 Million based on 99.69 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 2017-05-16, Bancroft picked up 500,000 at a purchase price of $8.85. This brings their total holding to 9,175,308 as of the date of the filing.
On the sell side, the most recent transaction saw Paulson unload 1,890 shares at a sale price of $11.53. This brings their total holding to 82,108.
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 Wesco Aircraft Holdings Inc. (NYSE:WAIR) as things move forward to see if its progress aligns with these transactions.
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