In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Radisys Corp (NASDAQ:RSYS) reported that Nierenberg Investment Management has picked up 439,169 of common stock as of 2017-07-19.
The acquisition brings the aggregate amount owned by Nierenberg Investment Management to a total of 439,169 representing a 1.1% in the company.
For those not familiar with the company, Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services. The Company’s Software-Systems segment consists of three product families: FlowEngine, MediaEngine and CellEngine. Also included in the Software-Systems segment is its Professional Service organization. The Company’s Embedded Products and Hardware Services segment provides customers with hardware based products targeted at the communications and healthcare markets.
A glance at Radisys Corp (NASDAQ:RSYS)s key stats reveals a current market capitalization of 108.28 Million based on 38.93 Million shares outstanding and a price at last close of $2.68 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-11-03, De picked up 7,472 at a purchase price of $4.02. This brings their total holding to 84,303 as of the date of the filing.
On the sell side, the most recent transaction saw Collins unload 21,000 shares at a sale price of $3.91. This brings their total holding to 113,954.
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 Radisys Corp (NASDAQ:RSYS) 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.