Handy & Harman Ltd. (NASDAQ:HNH) is Attracting Smart Money
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Handy & Harman Ltd. (NASDAQ:HNH) reported that Steel Partners has picked up 8,560,592 of common stock as of 2017-03-07.
The acquisition brings the aggregate amount owned by Steel Partners to a total of 8,560,592 representing a 69.9% stake in the company.
For those not familiar with the company, Handy & Harman Ltd. (HNH) is a holding company. The Company is a manufacturer of engineered industrial products. Through its operating subsidiaries, HNH focuses on products and technology, and serves customers across a range of end markets. Its segments include Joining Materials, which fabricates precious metals and their alloys into brazing alloys; Tubing, which manufactures a range of steel tubing products; Building Materials, which manufactures and supplies products to the commercial construction and building industries; Performance Materials, which manufactures sheet and mechanically formed glass and aramid materials for specialty applications, and Kasco Blades and Route Repair Services (Kasco), which provides meat-room blade products, repair services and resale products for the meat and deli departments of supermarkets, restaurants, meat and fish processing plants, and for distributors of electrical saws and cutting equipment, principally in North America and Europe.
A glance at Handy & Harman Ltd. (NASDAQ:HNH)’s key stats reveals a current market capitalization of 336.56 Million based on 12.24 Million shares outstanding and a price at last close of $27.25 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-12-29, Frankfurt picked up at 2,500 a purchase price of $20.63. This brings their total holding to 20,221 as of the date of the filing.
On the sell side, the most recent transaction saw Howard unload 6,184 shares at a sale price of $22.23. This brings their total holding to 191,305.
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 Handy & Harman Ltd. (NASDAQ:HNH) as things move forward to see if its progress aligns with these transactions.
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Elliott Associates, L.p. Picked Up Arconic Inc. (NYSE:ARNC) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Arconic Inc. (NYSE:ARNC) reported that Elliott Associates, L.p. has picked up 16,352,683 of common stock as of 2017-02-28.
The acquisition brings the aggregate amount owned by Elliott Associates, L.p. to a total of 16,352,683 representing a 3.7% stake in the company.
For those not familiar with the company, Arconic Inc., formerly Alcoa Inc., is engaged in providing materials and engineered products. The Company operates through segments, including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company offers engineered products and solutions, including fastening systems and rings, titanium and engineered products, power and propulsion, and forgings and extrusions. Its transportation and construction solutions include wheel and transportation products; building and construction systems, and extrusions. Its global rolled products include aerospace and automotive products; Micromill products and services, and brazing, commercial transportation and industrial solutions. It offers a range of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. The Company’s product portfolio is focused on Arconic Micromill technology.
A glance at Arconic Inc. (NYSE:ARNC)’s key stats reveals a current market capitalization of 12.54 billion based on 438.52 Million shares outstanding and a price at last close of $28.79 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-24, Elliott picked up 306,000 at a purchase price of $29.27. This brings their total holding to 34,749,450 as of the date of the filing.
On the sell side, the most recent transaction saw Myers unload 4,337 shares at a sale price of $25.34. This brings their total holding to 25,688.
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 Arconic Inc. (NYSE:ARNC) 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.