Boston, MA 08/21/2114 (wallstreetpr) – Provider of 3-D printing machines and products ExOne Co (NASDAQ:XONE) has been witnessing that a major shareholder is slowly offloading its shares in the last few days of trading in the open market. The sale move comes at a time when the shares were trading around the yearly low price.
Sell Shares
Novel Century Ventures Ltd., 10% owner in ExOne Co (NASDAQ:XONE), had sold 149,410 shares on August 18 at an average cost of $27.18 realizing an amount of $4.06 million in the process, the company disclosed in a filing with the Securities and Exchange Commission or the SEC. It meant that the company had sold at 11.67% premium to the 52-week low price of $24.34. However, compared to the yearly high price of $72.9, it would have sold at a steep discount of 62.7%.
The following day too, i.e. on August 19, the company had again disposed of 100K shares in two transactions. While 99.6K shares were sold at $27.35, another transaction involved 400 shares at the rate of $28.22. In both the transactions, the company had realized $2.74 million. The comparison between the yearly low and high price remained more or less in the same region for the second transaction too.
Earlier Transaction
Novel Century Ventures had resorted to selling shares earlier this month too. The company had sold 79,307 shares on August 13 at an average price of $29.36 and another 1200 shares at $30.34 realizing an amount of approximately $2.36 million, the SEC document indicated. The price realization seemed to have been better for the seller since the discount to the yearly price was 59.7%.
Again on August 14, the company had off-loaded 92,374 shares at an average cost of $29.01 realizing an amount of about $2.68 million.
Total Selling
In all, Novel Century Ventures had sold 422,291 shares in the current month alone and realized an amount of $11.84 million. Despite these selling, the ExOne Co (NASDAQ:XONE) is still holding approximately 1.68 million of shares worth around $45.62 million based on Wednesday’s closing price of $27.10
