Heico Corp (NYSE:HEI.A), saw an insider lower his stakes in the company. Director Samuel L. Higginbottom disposed of 2,000 shares of common stock at an average of $42.5201 per share. The transaction began on July 3rd and was filed today, July 7th.
Following the transaction, Higginbottom now directly owns 325 shares in Heico Corp (NYSE:HEI.A), the $3.13 billion market cap company, that through its subsidiaries, is the manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors.
Also involved in the company are some major hedge funds that showed a change in activity recently. Chuck Royce‘s Royce & Associates lowered it’s holdings by 9% over the last quarter, and now has 1,464,694 shares worth about $81 million; while Bares Capital Management, the hedge fund controlled by Brian Bares, increased it’s exposure to the company by 13% last quarter, now holding 1,213,366 shares by approximately $52.6 million in Heico Corp (NYSE:HEI.A).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
