Here’s Who Just Picked Up Dynatronics Corp (NASDAQ:DYNT) Shares

0
457

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Dynatronics Corp (NASDAQ:DYNT) reported that Provco Ventures 1 Lp has picked up 8,110,472 of common stock as of 2017-04-19.

The acquisition brings the aggregate amount owned by Provco Ventures 1 Lp to a total of 8,110,472 representing a 24.0% stake in the company.

For those not familiar with the company, Dynatronics Corporation is a manufacturer and distributor of physical medicine products. The Company’s products include a line of medical equipment for physical medicine applications, including therapy devices, medical supplies and soft goods, treatment tables and rehabilitation equipment. Its products are used by physical therapists, chiropractors, sports medicine practitioners, podiatrists, physicians and other physical medicine professionals. Its physical medicine products include therapeutic modalities, such as Dynatron Solaris, including electrotherapy and thermal therapy, and 25 Series, including electrotherapy and ultrasound; manufactured capital products, including traction systems and wood furniture; manufactured supplies, including cold packs, straps, wedges, bolsters and mats; distributed capital products, including hydrotherapy, weight training equipment and pilates, and distributed supplies, including clinical accessories, sports med and taping products, lotions and gels.

A glance at Dynatronics Corp (NASDAQ:DYNT)’s key stats reveals a current market capitalization of 8.55 Million based on 3.04 Million shares outstanding and a price at last close of $2.85 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2011-03-29, Beardall picked up 1,400 at a purchase price of $0.97. This brings their total holding to 177,588 as of the date of the filing.

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 Dynatronics Corp (NASDAQ:DYNT) 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.