In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Helix Energy Solutions Group Inc. (NYSE:HLX) reported that Integrated Core Strategies (us) Llc. has picked up 6,514,140 of common stock as of 2017-03-01.
The acquisition brings the aggregate amount owned by Integrated Core Strategies (us) Llc. to a total of 6,514,140 representing a 4.4% stake in the company.
For those not familiar with the company, Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities. Its Well Intervention segment includes the Company’s vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates over four chartered ROV support vessels. Its Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub).
A glance at Helix Energy Solutions Group Inc. (NYSE:HLX)’s key stats reveals a current market capitalization of 1.22 billion based on 147.66 million shares outstanding and a price at last close of $8.58 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-06-24, Rask picked up 968 at a purchase price of $6.65. This brings their total holding to 92,338 as of the date of the filing.
On the sell side, the most recent transaction saw Tripodo unload 5,562 shares at a sale price of $9.50. This brings their total holding to 344,993.
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 Helix Energy Solutions Group Inc. (NYSE:HLX) as things move forward to see if its progress aligns with these transactions.
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