HG Vora Capital Management, LLC, a 10% owner of Town Sports International Holdings Inc. (NASDAQ:CLUB), purchased 353,614 shares of Common Stock yesterday, through a transaction executed over three days. All shares were bought indirectly, via the HG Vora Special Opportunities Master Fund, Ltd. The first purchase, which took place on Tuesday, consisted of 56,614 shares, for a price of $5.97 per share, while the second acquisition was of 100,000 shares for $6.28. The remaining 197,000 were bought yesterday, for $6.24 per share, and completed the insider purchase. This acquisition was also the first to be executed at Town Sports in…
Author: Melanie Marilin
Lilly Endowment Inc, a large shareholder at Eli Lilly and Co. (NYSE:LLY) sold off 245,000 shares of Common Stock yesterday. The transaction was executed in two steps, selling 244,600 shares at a price of $62.68 per share, while the remaining 400 shares were sold at $63.10 per share. This disposition is the latest of a series completed by the shareholder, who unloaded 315,600 shares on Friday, paying $61.42 per share for 144,400 and $61.96 per share for the remainder. Lilly still holds over 133.8 million shares of the $70.5 billion market cap enterprise. Moreover, several hedge funds remain strong in…
Yesterday, three insiders at Kona Grill Inc. (NASDAQ:KONA) sold their shares. Berke Bakay, President and CEO at the firm, unloaded 100,000 shares for $17.58 per share, as well as company Director Richard Hauser, who sold the same amount of shares for the same price. Furthermore, James Jundt, another Director at the $208.9 million market cap restaurant firm, unloaded a total of 100,000 shares in two separate transactions yesterday. Jundt disposed of 62,000 and 38,000 shares at the aforementioned price. This concludes the biggest insider stock sale at Kona Grill this year. On another note, this quarter showed some movement amongst…
William Stanley, Director at American Realty Capital Properties Inc. (NASDAQ:ARCP), bought 18,000 shares of Common Stock yesterday, paying a price of $12.39 per share. This is Stanley’s first insider purchase of 2014 and the Director now owns a total of 92,146 shares of the $11.29 billion market cap real estate investment trust. The company’s Executive Vice President and General Counsel, Richard Silfen, also completed his second acquisition this month, buying 4,850 shares, for $12.34 per share, yesterday. And it seems that the real estate trust has also gained popularity amongst hedge funds, as this past quarter witnessed several new positions.…
Evertec Inc. (NYSE:EVTC)’s Executive Vice President and Chief Financial Officer, Jose Juan Jimenez Roman, sold 22,000 shares at a price of $24.80 per share. While this is the Exec VP’s second stock sale within the past month, the insider still holds 222,053 company holdings to his name. Previously this week, it was also reported that the company’s President and CEO, Peter Harrington, had unloaded 50,000 shares of the transaction processing business, for $25.05 per share. While stock dispositions have been common amongst insiders at Evertec, with Executive Vice Presidents Miguel Vizcarrondo and Carlos Ramirez selling off 35,000 shares and 40,000…
Toll Brothers Inc. (NYSE:TOL)’s Executive Chairman and Director, Robert Toll, sold 7,083 shares of Common Stock, directly, at a price of $37.2 per share yesterday. This is Toll’s second stock disposition in June, as the Chairman sold 2,700 shares for the same price in a transaction executed two weeks ago. Following the sale, Toll now holds a total of 10.120,818 shares of the $6.46 billion market cap enterprise to his name. Furthermore, Toll isn’t the only insider taking action at the homebuilding firm. At the beginning of the month, Director Edward Boehne unloaded a bulk of 34,000 shares for $36.01…
Valhi Inc. (NYSE:VHI)’s Affiliate, the Harold Simmons Foundation Inc., sold out the remained of its company stock yesterday. In the transaction, which closed off a row of recent stock dispositions, Simmons unloaded the remaining 1.124,529 shares, directly, at a price of $5.02 per share. Over the past few days, the affiliate had been selling off large amounts of stock, most recently on Tuesday, when the Foundation disposed of 433,236 shares for $5.01 per share. However, apart from Simmons sell out, this quarter showed lots of movement in terms of shareholder positions. While Jim Simons decided to remove the $1.89 billion…
The Director of Ladenburg Thalmann Financial Services (NYSEMKT:LTS), Jacqueline Simkin, purchased 15,303 shares of Common Stock yesterday, at a price of $2.96 per share. The stock was bought indirectly, via the Jacqueline Simkin Revocable Trust, of which the Director is a trustee and she now owns a total of 1.15 million shares. Although this is Simkin’s first stock acquisition this month, other company insiders have been more active throughout June. Director Saul Gilinski, for example, acquired 4,544 company shares merely 10 days ago, paying an average price of $2.82 per share, while the Chief Operating Officer, Scott Adam Malamed bought…
Phillip Md Et Al Frost, Chief Executive Officer and Chairman of Opko Health Inc. (NYSE:OPK), purchased 65,000 shares of Common Stock today, paying an average price of $8.64 per share. Similar to the CEO’s previous stock acquisitions, this purchase was executed through 27 smaller transactions, all of which were completed yesterday. Furthermore, Frost acquired all of the company shares indirectly, through the Frost Gamma Investments Trust, where Frost is the trustee. The Chairman of the $3.6 billion market cap biopharmaceutical firm has been consistently purchasing shares this past month, having bought 40,000 company shares on Tuesday. Moreover, Opko Health remains…
Phillip Goldstein, Director and Shareholder at Imperial Holdings, Inc. (NYSE:IFT), completed a stock purchase of 13,177 Shares, in a transaction completed throughout two days. While some of the stock was purchased indirectly, via Bulldog Investors, LLC, the larger sum was acquired directly by Goldstein. The purchase was initiated on Monday, when the Director bought 8,065 shares, directly, at $6.37 per share and 1,181 shares, indirectly at $6.33 per share. Tuesday concluded the acquisition with the smaller bulks of 1,935 shares (directly) and 1,996 shares (indirectly), at the aforementioned price. Goldstein now owns a total of 1.088 million shares of the…
Edward D. Smyth, Executive Vice President of Corporate Affairs at McGraw Hill Financial Inc. (NYSE:MHFI), completed a sales transaction yesterday, through which he unloaded 12,139 shares of Common Stock, directly, for $83.29 per share. Although this sale is Smyth’s only insider trade so far, other company insiders have been more active over the past few of months. Two weeks ago, President Lawrence Neal sold 1,000 shares for a price of $84.42, while the Executive Vice President and General Counsel of the financial intelligence firm, Kenneth Vittor, unloaded 15,000 shares for $84.05 per share, only three days prior. McGraw Hill has…
Joseph Anderson Jr., Director of Rite Aid Corporation (NYSE:RAD) sold a bulk of 26,667 shares (Common Stock), directly, yesterday, for a price of $7.05 per share. Following the sale, Anderson now holds a total of 299,254 shares of the $6.9 billion market cap firm. Furthermore, this insider stock sale was the second transaction completed in Junes, proceeded by Rite Aid’s Executive Vice President, Ivan Robert Thompson, who unloaded 510,000 shares of Common Stock for $7.06 per share on Monday. Also, most hedge funds with a shareholder position at the drugstore chain company remained solid and confident this past quarter, with…