Anthony Grande, Executive Vice President and Chief Development Officer at Corrections Corp of America (NYSE:CXW), completed a disposition of 15,000 shares in CXW Common Stock on Friday. The insider sold his shares directly, at a price of $32.23 per share and also used employee stock options for the sale. This is Grande’s sixth stock sale of the fiscal year so far, but he isn’t the only insider who was active this year.
David Garfinkle, Vice President of Finance at the $3.8 billion market cap real estate investment trust, unloaded 24,568 shares of Common Stock in March, for a price of $33.68 per share. John Prann Jr., Director at the firm, closed a disposition the following day, where he sold 14,282 shares for $33.85 per share.
Regarding hedge fund movements this quarter, some positive changes have been noted with several hedge funds increasing the firm’s portfolio participation. However, the leading shareholder remains Thomas Bancroft’s hedge fund, Makaira Partners, which owns over 1.2 million shares, worth $40.6 million and accounting for 7.28% of the stock portfolio.
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