In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rti Surgical Inc. (NASDAQ:RTIX) reported that Krensavage Asset Management, Llc. has picked up 3,561,351 of common stock as of 2017-03-16.
The acquisition brings the aggregate amount owned by Krensavage Asset Management, Llc. to a total of 3,561,351 representing a 6.1% stake in the company.
For those not familiar with the company, RTI Surgical, Inc. is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties. It processes donated human musculoskeletal and other tissue, including bone, cartilage, tendon, ligament, fascia lata, pericardium, sclera and dermal tissue, and bovine and porcine animal tissue in producing allograft and xenograft implants utilizing BIOCLEANSE, TUTOPLAST and CANCELLE SP sterilization processes, and manufactures metal and synthetic implants for distribution to hospitals and surgeons. The Company distributes its implants and services in approximately 50 states and in over 45 countries across the world.
A glance at Rti Surgical Inc. (NASDAQ:RTIX)’s key stats reveals a current market capitalization of 219.23 Million based on 58.46 Million shares outstanding and a price at last close of $3.75 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-02, Singer picked up 10,000 at a purchase price of $3.79. This brings their total holding to 30,270 as of the date of the filing.
On the sell side, the most recent transaction saw Smith unload 15,000 shares at a sale price of $4.31. This brings their total holding to 18,225.
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 Rti Surgical Inc. (NASDAQ:RTIX) as things move forward to see if its progress aligns with these transactions.
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