In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Alliance Healthcare Services Inc. (NASDAQ:AIQ) reported that Fujian Thai Hot Investment Co., Ltd. has picked up 5,537,945 of common stock as of 2017-04-11.
The acquisition brings the aggregate amount owned by Fujian Thai Hot Investment Co., Ltd. to a total of 5,537,945 representing a 51.1% stake in the company.
For those not familiar with the company, Alliance HealthCare Services, Inc. (Alliance) is a provider of outsourced healthcare services to hospitals and providers. The Company operates through three segments: Radiology Division, Oncology Division and Interventional Healthcare Services Division. The radiology segment comprises diagnostic imaging services, including magnetic resonance imaging (MRI), positron emission tomography/computed tomography (PET/CT) and other imaging services. The radiology segment also comprises radiation oncology services. The interventional healthcare services segment provides interventional healthcare through therapeutic minimally invasive pain management procedures medical management, laboratory testing and other services. The Company operates freestanding outpatient radiology, oncology and interventional clinics, and Ambulatory Surgical Centers (ASC) that are not owned by hospitals or providers. It operates over 560 diagnostic imaging and radiation therapy systems.
A glance at Alliance Healthcare Services Inc. (NASDAQ:AIQ)’s key stats reveals a current market capitalization of 136.64 Million based on 10.81 Million shares outstanding and a price at last close of $12.65 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-19, Longmore-Grund picked up 2,500 at a purchase price of $7.59. This brings their total holding to 2,500 as of the date of the filing.
On the sell side, the most recent transaction saw Spurlock unload 5,812 shares at a sale price of $29.53. This brings their total holding to 0.
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 Alliance Healthcare Services Inc. (NASDAQ:AIQ) as things move forward to see if its progress aligns with these transactions.
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