Warren H. Gfeller Acquires 5,000 Shares of HC2 Holdings Inc (HCHC) Stock
HC2 Holdings Inc (NASDAQ:HCHC) Director Warren H. Gfeller bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average cost of $4.27 per share, for a total transaction of $21,350.00. Following the completion of the transaction, the director now directly owns 19,634 shares in the company, valued at approximately $83,837.18. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
HC2 Holdings Inc (NASDAQ:HCHC) remained flat at $4.53 on Thursday. HC2 Holdings Inc has a 1-year low of $3.25 and a 1-year high of $6.35. The company’s 50 day moving average price is $4.78 and its 200 day moving average price is $4.52. The firm’s market capitalization is $189.44 million.
Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in HC2 Holdings during the third quarter valued at $108,000. Benchmark Capital Advisors bought a new position in HC2 Holdings during the third quarter valued at approximately $109,000. Acrospire Investment Management LLC bought a new position in HC2 Holdings during the third quarter valued at approximately $120,000. Emerald Acquisition Ltd. bought a new position in HC2 Holdings during the third quarter valued at approximately $139,000. Finally, Rhumbline Advisers boosted its position in HC2 Holdings by 1.9% in the third quarter. Rhumbline Advisers now owns 26,319 shares of the company’s stock valued at $143,000 after buying an additional 500 shares in the last quarter.
Several research analysts have commented on HCHC shares. Zacks Investment Research lowered HC2 Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of HC2 Holdings in a research report on Sunday.
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