CLEVELAND, OH – Crawford United Corp (NASDAQ:OTC:CRAWA) Director Smith Kirin has sold 10,000 shares of the company's Class A Common Stock, according to the latest SEC filings. The transactions, which took place on June 4, 2024, were executed at a price of $36.0 per share, totaling $360,000.
The recent sale has adjusted Kirin's direct holdings in the company, leaving him with 41,114 shares, which are held indirectly through Intrinsic Value Capital, L.P. Additionally, he directly owns 34,935 Class A Common Shares following the transaction. It is important to note that, as a managing member of Glaubman & Rosenberg Partners, LLC and Glaubman & Rosenberg Advisors, LLC, Smith Kirin may be deemed to have indirect beneficial ownership of the shares owned by Intrinsic Value Capital, L.P.
The disclosure of this sale comes in the wake of regular reporting by corporate insiders, providing transparency into their transactions in the company's securities. These filings are a routine part of compliance with SEC regulations and offer investors a glimpse into the actions of company executives and directors.
Crawford United Corp, based in Cleveland, Ohio, operates in the industrial instruments sector for measurement, display, and control. The company has a history that traces back to its former names as Hickok Incorporated and Hickok Electrical Instrument Co.
Investors often monitor insider transactions as they can provide insights into the perspectives of those who are closely involved with the company. However, it's worth noting that such transactions do not necessarily indicate future performance or company outlook.
The sale was officially signed off by Kirin Smith through his attorney-in-fact, Brian E. Powers, as per the Power of Attorney dated May 20, 2019, which is on file with the Commission. The filing was completed and signed on June 5, 2024.
InvestingPro Insights
Following the recent insider sale by Director Smith Kirin at Crawford United Corp (NASDAQ:CRAWA), investors may be keen to understand the company's financial health and market performance. According to real-time data from InvestingPro, Crawford United Corp boasts a market capitalization of 138.45 million USD, reflecting its size and significance in the industrial instruments sector. The company's P/E ratio stands at an attractive 11.1, which when compared to its near-term earnings growth, suggests that the stock may be trading at a low price relative to its earnings potential—an InvestingPro Tip worth noting for value investors.
Additionally, Crawford United Corp's valuation implies a strong free cash flow yield, another InvestingPro Tip that could signal the company's ability to generate cash and potentially enhance shareholder value. This financial metric is particularly relevant for investors who prioritize a company's cash-generating capabilities. Over the last twelve months, as of Q1 2024, the company has reported a gross profit margin of 26.17% and an impressive return on assets of 12.42%, indicating efficient management and profitability.
Despite not paying dividends, which might deter income-focused investors, Crawford United Corp has shown a substantial price uptick over the last six months with a 38.9% total return, and a significant 65.87% return over the last year. These figures could appeal to growth-oriented investors looking for capital appreciation. For those interested in further insights, InvestingPro offers additional tips on Crawford United Corp, which can be accessed with a subscription. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and unlock the full range of InvestingPro Tips for a comprehensive investment analysis.
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