In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sunshine Heart Inc. (NASDAQ:SSH) reported that Choi Ki Yong has picked up 245,000 of common stock as of 2017-03-28.
The acquisition brings the aggregate amount owned by Choi Ki Yong to a total of 245,000 representing a 9.1% stake in the company.
For those not familiar with the company, Sunshine Heart is a global medical device company founded by a cardiac surgeon that saw an incredible opportunity for how to treat heart failure. Heart failure (HF) affects millions and is a progressive condition that prevents patients from living normal lives. Sunshine Heart’s C-Pulse® Heart Assist System has CE Mark in Europe and is in a clinical study in the United States to determine if the C-Pulse System is safe and effective for treating moderate to severe heart failure. C-Pulse therapy is designed to reduce overall heart failure symptoms, improve quality of life, and reduce re-hospitalizations.
A glance at Sunshine Heart Inc. (NASDAQ:SSH)’s key stats reveals a current market capitalization of 4.68 Million based on 1.74 Million shares outstanding and a price at last close of $2.31 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-28, Erb picked up 80,000 at a purchase price of $0.22. This brings their total holding to 464,128 as of the date of the filing.
On the sell side, the most recent transaction saw Drayton unload 20 shares at a sale price of $5.27. This brings their total holding to 740.
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 Sunshine Heart Inc. (NASDAQ:SSH) as things move forward to see if its progress aligns with these transactions.
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