In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Westell Technologies Inc (NASDAQ:WSTL) reported that Cove Street Capital has picked up 1,312,487 of common stock as of 2017-07-25.
The acquisition brings the aggregate amount owned by Cove Street Capital to a total of 1,312,487 representing a 10.89% in the company.
For those not familiar with the company, Westell Technologies, Inc. is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG). The Company’s segments are engaged in the design, development, assembly, and marketing of a range of products and solutions. The IBW segment solutions include distributed antenna systems (DAS) conditioners, digital repeaters and bi-directional amplifiers (BDAs), and system components and antennas, all used by wireless service providers and third-party hosts to fine tune radio frequency (RF) signals. The Company’s intelligent site management solutions include a suite of remote monitoring and control devices.
A glance at Westell Technologies Inc (NASDAQ:WSTL)’s key stats reveals a current market capitalization of 53.62M based on 12.05M shares outstanding and a price at last close of $3.49 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-11-29, Brannock picked up 29 at a purchase price of $0.52.This brings their total holding to 15,083 as of the date of the filing.
On the sell side, the most recent transaction saw Gilbert unload 25,000 shares at a sale price of $1.29. This brings their total holding to 208,576.
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 Westell Technologies Inc (NASDAQ:WSTL) 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.