On Friday, one of Superior Industries International Inc. (NYSE:SUP)’s largest shareholders, the Louis Borick Foundation, sold 10,200 shares of Common Stock, paying a price of $20.52 per share. Following the insider’s first disposition of the fiscal year, Borick Foundation now holds a total of 2,943,946 shares of the $557.6 million market cap aluminium wheel provider.
However, that wasn’t the only stock sale at Superior Industries last week, as shareholder Steven Borick also unloaded 20,000 shares of Common Stock for $20.14 per share on Thursday. The insider had already sold 20,240 shares the previous day, for a price of $20.37 per share, closing a serious of dispositions executed by Borick this quarter.
On another note, this quarter reported several new hedge funds amongst the current shareholders, such as Jean-Marie Eveillard’s First Eagle Investment Management, which recently acquired 40,306 shares for a value of $826,000. However, the largest shareholder remains Mario Gabelli’s Gamco Investors, with 2.29 million shares, worth $47 million.
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