Tree.com Inc (NASDAQ:TREE) saw an insider lower continue to lower his position in the company today. The Chairman and Chief Executive Officer Douglas R. Lebda disposed of 10,000 shares of common stock at an average price of $34.44 per share. This is the third time in the past two weeks Lebda has made such a move. Following this filing, Lebda holds a total of about 1.87 million shares directly, while holding 45,374 shares indirectly.
A $386.86 million market cap corporation, Tree.com Inc (NASDAQ:TREE) is the owner of several brands and businesses that provide information, tools, advice, products and services for critical transactions in consumers’ lives. The Company’s family of brands includes LendingTree.com, GetSmart.com, DegreeTree.com, LendingTreeAutos.com, DoneRight.com, ServiceTree.com, InsuranceTree.com and HealthTree.com.
In addition, one of the largest outside institutional investors in the company is billionaire Jim Simons. The hedge fund he runs, Renaissance Technologies, reported an 8% decrease in its activity over the course of the last fiscal quarter, and now holds 245,800 shares worth about $7.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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