In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Maxwell Technologies Inc. (NASDAQ:MXWL) reported that Viex Capital Advisors, Llc. has picked up 1,230,936 of common stock as of 2017-04-11.
The acquisition brings the aggregate amount owned by Viex Capital Advisors, Llc. to a total of 1,230,936 representing a 3.8% stake in the company.
For those not familiar with the company, Maxwell Technologies, Inc. develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products. The Company’s ultracapacitor cells and multi-cell packs, and modules provide energy storage and power delivery solutions for applications in multiple industries. The Company offers ultracapacitor cells with capacitances ranging from 1 to 3,400 farads. It designs and manufactures CONDIS high-voltage capacitors. These products include grading and coupling capacitors and electric voltage transformers. The Company’s radiation-hardened microelectronic products for satellites and spacecraft include single board computers and components, such as high-density memory and data conversion modules.
A glance at Maxwell Technologies Inc. (NASDAQ:MXWL)’s key stats reveals a current market capitalization of 186.81 Million based on 32.27 Million shares outstanding and a price at last close of $5.96 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-19, Howsmon picked up 2,000 at a purchase price of $5.53. This brings their total holding to 3,000 as of the date of the filing.
On the sell side, the most recent transaction saw Lyle unload 5,752 shares at a sale price of $5.75. This brings their total holding to 7,251.
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 Maxwell Technologies Inc. (NASDAQ:MXWL) as things move forward to see if its progress aligns with these transactions.
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