In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sunopta Inc. (NASDAQ:STKL) reported that Oaktree Capital Management has picked up 13,171,474 of common stock as of 2017-05-17.
The acquisition brings the aggregate amount owned by Oaktree Capital Management to a total of 13,171,474 representing less than 13.8% stake in the company.
For those not familiar with the company, SunOpta Inc. operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities, which are used in applications serving the natural and organic food industry. The Consumer Products segment provides healthy and organic food products that are consumer-packaged to retailers, foodservice distributors and food manufacturers with a range of branded and private label products. It is focused on sourcing non-genetically modified (non-GMO) and organic ingredients, and manufacturing healthy food and beverage products. It manufactures packaged products focused on the healthy beverages, healthy fruit and healthy snacks categories.
A glance at Sunopta Inc. (NASDAQ:STKL) key stats reveals a current market capitalization of 764.40 Million based on 86.01 Million shares outstanding and a price at last close of $8.65 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-12, Oaktree picked up 223,946 at a purchase price of $8.00. This brings their total holding to 714,025 as of the date of the filing.
On the sell side, the most recent transaction saw Kendall unload 10,000 shares at a sale price of $7.00. This brings their total holding to 410,772.
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 Sunopta Inc. (NASDAQ:STKL) as things move forward to see if its progress aligns with these transactions.
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