Campus Crest Communities Inc. (NYSE:CCG)’s Executive Vice President, Aaron Scott Halfacre, purchased 100,000 shares of Common Stock, directly, yesterday. The insider paid a price of $8.13 per share for his first stock transaction at the $500.4 million market cap housing development firm. Although other company insiders have completed stock acquisitions throughout the fiscal year, none have been as significant as the Executive VP’s. Donald Bobbit Jr., Chief Financial Officer at Campus Crest, bought 4,000 shares of Common Stock for $8.37 per share in March, making him the most recent insider trade before Halfacre.
However, last quarter showed very positive developments in terms of hedge fund shareholders. Canyon Capital Advisors, the hedge fund run by Joshua Friedman and Mitchell Julis, entered a new position with 508,702 company shares, worth approximately $4.4 million. Furthermore, J. Alan Reid’s Forward Management increased Campus Crest’s portfolio participation by 99% and now owns 4.48 million shares, with an estimated value of $38.8 million. The company is accountable for 2.23% of the hedge funds total portfolio holdings.
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