In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), New Age Beverages Corp (NASDAQ:NBEV) reported that Marley Beverage Company, Llc. has picked up 2,781,146 of common stock as of 2017-06-20.
The acquisition brings the aggregate amount owned by Marley Beverage Company, Llc. to a total of 2,781,146 representing a 8.2% stake in the company.
For those not familiar with the company, The New Age Beverage Corporation, formerly Bucha, Inc., is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America. The Company offers its bucha Live Kombucha products in approximately 16-ounce bottle. The Company offers XingTea in approximately 13 flavors. Its product, XINGjuice, is a natural juice drink, made with cane sugar and real fruit juice. Its product, XingEnergy is a naturally flavored cane sugar product. The Company’s product, Aspen Pure, is bottled water packaged in approximately 24-ounce, half-liter and one-liter bottles. The Company offers products in approximately 46 states within the United States and in over 10 countries internationally across all channels through direct and store door distribution systems.
A glance at New Age Beverages Corp (NASDAQ:NBEV)’s key stats reveals a current market capitalization of $175.98 Million based on $31.31 Million shares outstanding and a price at last close of $5.86 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-04-07, Fea picked up 3,500 at a purchase price of $4.24. This brings their total holding to 5,500 as of the date of the filing.
On the sell side, the most recent transaction saw Anderson unload 37,539 shares at a sale price of $5.87. This brings their total holding to 1,431,236.
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 New Age Beverages Corp (NASDAQ:NBEV) as things move forward to see if its progress aligns with these transactions.
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