In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Capital Senior Living Corp (NYSE:CSU) reported that Radix Partners Llc. has picked up 1,898,829 of common stock as of 2017-03-13.
The acquisition brings the aggregate amount owned by Radix Partners Llc. to a total of 1,898,829 representing 6.3% stake in the company.
For those not familiar with the company, Capital Senior Living Corporation is an operator of senior living communities in the United States in terms of resident capacity. The Company operates over 10 senior living communities in approximately 20 states, including over 70 senior living communities, which the Company owns and over 50 senior living communities the Company leases. The Company also operates a home care agency. The Company provides senior living services to the elderly, including independent living and assisted living services, and also provides home care services at one of its communities. The Company also fosters the wellness of its residents by offering access to health screenings, such as blood pressure checks; periodic special services, such as influenza inoculations; dietary and similar programs, as well as ongoing exercise and fitness classes. It offers a range of assisted living care and services, including personal care services, around the clock staffing, support services and supplemental services.
A glance at Capital Senior Living Corp (NYSE:CSU)’s key stats reveals a current market capitalization of 418.78 Million based on 30.04 Million shares outstanding and a price at last close of $14.05 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-02, Arbiter picked up 100,000 at a purchase price of $15.13. This brings their total holding to 4,490,769 as of the date of the filing.
On the sell side, the most recent transaction saw Hendrickson unload 12,500 shares at a sale price of $16.83. This brings their total holding to 142,040.
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 Capital Senior Living Corp (NYSE:CSU) as things move forward to see if its progress aligns with these transactions.
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