In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sunopta Inc. (NASDAQ:STKL) reported that Tourbillon Capital Partners has picked up 7,290,024 of common stock as of 2017-07-26.
The acquisition brings the aggregate amount owned by Tourbillon Capital Partners to a total of 7,290,024 representing a 8.5% in the company.
For those not familiar with the company, Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following 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. 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 beverage, healthy fruit and healthy snack categories.
A glance at Sunopta Inc. (NASDAQ:STKL)’s key stats reveals a current market capitalization of 789.86M based on 86.01M shares outstanding and a price at last close of $9.23 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-05-19, Duchscher picked up 5,800 at a purchase price of $8.94 per share.This brings their total holding to 5,800 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. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.