In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Halcon Resources Corp (NYSE:HK) reported that Ares Management Llc. has picked up 4,690,080 of common stock as of 2017-01-26.
The acquisition brings the aggregate amount owned by Ares Management Llc. to a total of 4,690,080 representing a 5.1% stake in the company.
For those not familiar with the company, Halcón Resources Corporation (Halcón) is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich assets in the United States. While Halcón is still a relatively new venture, we operate on a proven strategy used in prior, successful ventures. We have an experienced staff and use the most advanced technology, enabling us to make informed and effective business decisions. Spanish for hawk, Halcón embraces the vision and agility to become a resource powerhouse in the oil and gas industry.
A glance at Halcon Resources Corp (NYSE:HK)’s key stats reveals a current market capitalization of 752.22 million based on 92.64 million shares outstanding and a price at last close of $9.53 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-12-18, Wilson picked up 500,000 at a purchase price of $0.26. This brings their total holding to 5,277,244 as of the date of the filing.
On the sell side, the most recent transaction saw Wright unload 10,000 shares at a sale price of $8.60. This brings their total holding to 80,000.
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 Halcon Resources Corp (NYSE:HK) as things move forward to see if its progress aligns with these transactions.
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