Bruce Lewin, Director at Ark Restaurants Corp (NASDAQ:ARKR), completed his latest stock purchase on Thursday, acquiring a total of 8,500 company shares through two separate transactions. While both purchases were completed on the same day, Lewin bought 5,000 shares of Common Stock, directly, at a price of $14.4, before acquiring another 3,500 shares, directly, but at a much lower price of $12.04 per share. The director now owns a total of 292,681 company shares. This insider stock purchase follows the trend set by the restaurant chain’s Chairman and CEO, Michael Weinstein, earlier this month. Weinstein reported three large Ark stock…
Author: Melanie Marilin
William Lehmann, President and Chief Operating Officer at Athersys, Inc. (NASDAQ:ATHX), sold 12,000 shares of Common Stock, directly, on Friday, at a price of $1.58 per share. This sale completed the two-day transaction officiated by Lehmann on Thursday, when the President of the $120 million market capital firm, sold another 13,000 company shares at a price of $1.62 per share. Lehmann remaining holdings, however, still surpass the 500,000 mark. Furthermore, the insider sale is the latest of a row of transactions at the biopharmaceutical company. Along with Lehmann, Executive Vice President, Robert Deans, sold a total of 5,080 shares for…
The data storage platform Nimble Storage Inc. (NYSE:NMBL) has been in the spotlight recently, due to its insider stock sales, which increased significantly throughout the past month. Following Michael Munoz’s (VP of Sales) sale of 10,000 Common Stock and Umesh Maheschwari’s (Chief Technology Officer) unloading of 16,000 shares on Wednesday, Peter Nieh – Director and 10% owner of Nimble Storage – completed his stock sale on Friday. The transaction commenced on Wednesday, when Nieh sold 6,387 shares of Common Stock, indirectly, for a price of $30.54 per share, and was completed on Friday with the sale of another 8,000 shares…
Although last week several analysts announced a “buy” rating for the home furnishing firm Restoration Hardware Holdings Inc. (NYSE:RH), insiders continue to sell their company shares. The most recent sale was executed by company director Carlos Alberini, who sold his common stock in a series of transactions between Thursday and Friday. On Thursday, a total of 30,000 shares common stock were sold directly, split into two transactions of 10,300 shares for $87.46 per share and 19,700 shares for a slightly higher price of $88.24. Then on Friday, another 20,000 shares were sold off in three separate transactions, all for an…
On Tuesday, Marine Products Corp. (NYSE:MPX)’s Executive Vice President, James Lane Jr., sold 100,000 shares of Common Stock ($.10 Par Value), directly, at a price of $7.75 per share. After completing the stock transaction, James Lane still holds 398,559 shares of the powerboat manufacturing business. Although insider stock sales and purchases are uncommon at Marine Products, some hedge funds have augmented the company’s activity in their portfolios this quarter. Mario Gabelli’s hedge fund, Gamco Investors, which holds the largest shareholder position at the company with over 2 million shares worth $15 million, increased Marine’s participation by 5%. Ken Griffin made…
The Vice President of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), Frederik Smith, sold off the entirety of his 110,000 company shares. The transaction was executed in a two day spree, and concluded yesterday. The larger sale was completed on Tuesday, when Smith sold 80,185 Class A Common Stock for $30.2 per share. Yesterday, the VP cleared the remaining 30,000 shares from his portfolio, selling them at a slightly higher price of $30.55 per share. However, Smith isn’t the first insider at Sinclair to sell his stock. Last month, the television company’s Chief Accounting Officer, David Bochenek and Executive VP, Barry Faber,…
Two directors at Capitala Finance Corp. (NASDAQ:CPTA) acquired the company’s shares in a transaction completed over the past two days. The talk is of Director Markham Hunt Broyhill, purchased 27,000 shares of common stock, indirectly, yesterday. Broyhill payed the price of $18.55 per share and now holds a total of 42,000 shares of the $241.2 million market cap enterprise. This is the Director’s second large share purchase completed in the last two months, as he was reported buying 13,580 Capitala shares on the 19th of May. Paul Chapman (director of Capitala), on the other hand, closed his stock acquisition today,…
Timothy Wilson, Director of InvenSense, Inc. (NYSE:INVN), completed his sale of 40,000 common stock shares, indirectly, yesterday. The sale closed at a price of $21.14 per share, but Wilson still owns 38,808 of the motion interface company’s shares. However, this isn’t the only insider who sold the company’s stock this month. Last week, the company’s Vice President of Engineering and New Products, Stephen Lloyd, sold 10,000 of his shares for $20.46 per share, and in May it was reported that the Vice President of Worldwide Sales, Daniel Goehl sold 3,750 of his company shares. Furthermore, while many hedge funds have…
Sean Downes, Chief Executive Officer and President of the $485 million market capital firm Universal Insurance Holdings, Inc. (NYSE:UVE), completed his sale of 20,000 common stock, directly. The company shares were sold at $12.36 per share, and although the CEO still maintains a heavy bulk of over two million shares to his name, this is the first sale to take place at Universal Insurance this month. In contrast, last week two of the company’s insiders – Directors Richard Peterson and Ralph Palmieri – purchased 780 and 1,500 Universal shares, respectively. On another note, several hedge funds entered in a stockholder…
Yesterday, Chairman, President, and CEO of Legacy Reserves LP (NASDAQ:LGCY), Cary Brown, purchased 200,000 Series B Preferred Units, indirectly, at a price of $25 per share. Dale Brown, Director of the oil and gas company, also acquired the same amount of shares, indirectly, at the aforementioned price per unit. This marks the first insider purchase since January of 2013, when Director William Granberry acquired 550 company shares. Furthermore, while the 1.7 billion market capital company Director, Larry Lawrence, sold 5,000 of his shares at $26.44 per share earlier this month, many hedge funds remain satisfied with their company holdings. Robert…
After several months of inactivity on the stock transaction front of Harvard Bioscience, Inc. (NASDAQ:HBIO), the specialized product manufacturer’s Chief Financial Officer, Robert E. Gagnon, made his first acquisition of 5,000 shares, directly, paying a price of $3.85 per share. This insider purchase is the first to be completed since the beginning of fiscal 2014, which reported several stock sales on behalf of company Directors Neal Harte and David Green in May and April, but no acquisitions. However, several hedge funds benefitted from their Harvard Bioscience holdings this past quarter, as evidenced by Chuck Royce’s Royce & Associates, which owns…
After nearly a whole fiscal quarter of little to none stock transactions at Diebold, Inc. (NYSE:DBD), insider Andreas Mattes acquired 1,100 company shares, directly, at a price of $37.7 per share. The President, Director and Chief Executive Officer completed this acquisition via two separate transactions on Friday, and now owns a total of 49,153 shares of the $2.5 billion security firm. While insider stock purchases for Diebold have been weak over the past quarter, several hedge fund managers have increased the company shares in their portfolios. As such, Chuck Royce’s hedge fund, Royce & Associates, now owns over 2 million…