Forestar Group Inc. (NYSE:FOR), saw one of its highest level insiders pick up his positioning in the company through a stock purchase that began earlier in the week and was officially filed today, August 21rst. Chief Administrative Officer David M. Grimm sold a total of 6,881 shares at prices ranging from $9.29 to $29.98 per share. Following these transactions, Grimm now holds a total of 47,942 shares directly, while having 1,000 shares indirectly invested in the company through a spouse. Forestar Group Inc. (NYSE:FOR) is a $679.08 million market cap corporation that operates as a real estate and natural resources company. It owns directly or through ventures almost 147,000 acres of real estate located in nine states and 12 markets and about 595,000 net acres of mineral interests.
Some of the largest outside involvement comes from Billionaire Ken Griffin‘s Citadel Investment Group, which after lowering its activity by 2% last quarter, still holds 27 million shares worth about $29.5 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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