Director at BSQUARE Buys Shares After Encouraging Earnings Release
A member of BSQUARE Corporation (NASDAQ:BSQR)’s Board of Directors also bought a rather sizeable block of shares this week. William D. Savoy, who has been on the board since May 2004, snatched up 80,000 shares on Tuesday at a price target of $5.00 per share, boosting his ownership to 247,427 shares.
The shares of the provider of software solutions and related engineering services to companies developing smart, connected systems (e.g. set-top boxes, home gateways, point-of-sale terminals, kiosks, among others) have gained 32% over the past five trading sessions, after the company released its results for the third quarter. BSQUARE Corporation (NASDAQ:BSQR) started a restructuring plan in July by reducing the size of its engineering services organization, a plan that is anticipated to deliver around $2.6 million in annualized cost savings. The company reported revenue of $22.5 million for the quarter, a decrease of 1% compared to the second quarter and 15% relative to the third quarter of 2015. BSQUARE’s shares are down 12% so far this year. Ken Griffin’s Citadel Advisors LLC added a 11,820-share stake in BSQUARE Corporation (NASDAQ:BSQR) to its portfolio during the third quarter.
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CEO of High-Flying Aqua Metals Buys Shares Despite Share Price Gain of 112% in 2016
The man at the helm of Aqua Metals Inc. (NASDAQ:AQMS) bought some shares this week as well. Chairman and CEO Stephen R. Clarke, a co-founder of Aqua Metals, bought 20,000 shares on Wednesday at $10.00 apiece. After the recent transaction, Mr. Clarke currently holds a direct ownership stake of 1.03 million shares. The CEO also holds an indirect ownership stake of 732,559 shares held by AIC of Nevada Inc., of which Mr. Clarke is an officer, director and a 19%-shareholder.
Aqua Metals Inc. (NASDAQ:AQMS) has developed an innovative process for recycling lead acid batteries, with the company currently planning to manufacture the equipment and also operate lead acid battery recycling facilities. Just recently, the company produced the first-ever AcquaRefined lead at its first recycling facility in McCarran, Nevada. Aqua Metals’ 12-month plan currently involves expanding the operations at its first recycling facility to 120 tonnes of lead production per day and start the expansion of its business with additional recycling facilities and licensing of its recycling technology and equipment to third parties. Aqua Metals has seen the value of its shares skyrocket by 112% since the start of the year. Nathaniel August’s Mangrove Partners acquired a new stake of 134,282 shares of Aqua Metals Inc. (NASDAQ:AQMS) during the September quarter.
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The final page of this article will discuss the recent insider selling activity observed at two other companies.
