In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Willbros Group Inc. (NYSE:WG) reported that Infrastrux Holdings, Llc. has picked up 60,730 of common stock as of 2017-07-14.
The acquisition brings the aggregate amount owned by Infrastrux Holdings, Llc. to a total of 60,730 representing a 0.10% stake in the company.
For those not familiar with the company, Willbros Group, Inc. is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada. The Company provides services through operating subsidiaries. The Company’s segments operated primarily in the United States and Canada. The Company provides construction, maintenance and lifecycle extension services to the midstream markets. The Company provides a range of services in electric and natural gas transmission and distribution, including engineering, procurement, maintenance and construction, repair and restoration of utility infrastructure. It is engaged in construction, maintenance and fabrication, including integrity and supporting civil work, general mechanical and facility construction, application program interface (API) storage tanks, general and modular fabrication.
A glance at Willbros Group Inc. (NYSE:WG)’s key stats reveals a current market capitalization of $133.75 Million based on $62.78 Million shares outstanding and a price at last close of $2.16 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-11-19, Williams picked up 8,600 at a purchase price of $2.61. This brings their total holding to 101,726 as of the date of the filing.
On the sell side, the most recent transaction saw Williams unload 5,800 shares at a sale price of $6.13. This brings their total holding to 16,207.
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 Willbros Group Inc. (NYSE:WG) as things move forward to see if its progress aligns with these transactions.
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