Insider Buying: HC2 Holdings Inc (HCHC) CFO Purchases $45,500.00 in Stock
HC2 Holdings Inc (NASDAQ:HCHC) CFO Michael J. Sena acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were bought at an average price of $4.55 per share, with a total value of $45,500.00. Following the acquisition, the chief financial officer now directly owns 163,194 shares in the company, valued at $742,532.70. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
HC2 Holdings Inc (NASDAQ:HCHC) remained flat at $4.60 during midday trading on Friday. The firm has a 50 day moving average price of $4.77 and a 200 day moving average price of $4.52. HC2 Holdings Inc has a 52 week low of $3.25 and a 52 week high of $6.35. The firm’s market cap is $192.36 million.
Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of HC2 Holdings during the third quarter worth approximately $108,000. Benchmark Capital Advisors purchased a new stake in shares of HC2 Holdings during the third quarter worth about $109,000. Acrospire Investment Management LLC purchased a new stake in shares of HC2 Holdings during the third quarter worth about $120,000. Emerald Acquisition Ltd. purchased a new stake in shares of HC2 Holdings during the third quarter worth about $139,000. Finally, Rhumbline Advisers raised its stake in shares of HC2 Holdings by 1.9% in the third quarter. Rhumbline Advisers now owns 26,319 shares of the company’s stock worth $143,000 after buying an additional 500 shares in the last quarter.
A number of equities research analysts recently weighed in on HCHC shares. Zacks Investment Research upgraded shares of HC2 Holdings from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Tuesday, August 23rd. B. Riley reiterated a “buy” rating and set a $9.00 price objective on shares of HC2 Holdings in a report on Sunday, August 14th.
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