Pacific Ethanol Inc. (NASDAQ:PEIX) Director William Jones unloaded 25,000 shares of Common Stock yesterday. The stock was sold directly and in several small batches, allowing the insider to receive between $19.56 and $19.71 per share. This is the Director’s first stock disposition to be executed since the beginning of May, when he sold 7,000 shares of Common Stock for a price of $11.26 per share. Following yesterday’s transaction, Jones now holds a total of 31,512 shares of the $405.8 million market cap producer of low-carbon renewable fuels.
On another note, last quarter showed very positive movement amongst shareholding hedge funds, as many entered new positions or increased their stakes in Pacific Ethanol. Thomas M. Fitzgerald’s Longbow Capital Partners, for one, entered a new shareholding position during Q1, by purchasing 94,000 shares for a value of $1.46 million. Furthermore, Matthew Hulsizer increased the firm’s activity at his hedge fund’s portfolio by 3816%, and Peak6 Capital Management now owns 97,900 shares, worth approximately $1.5 million.
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