Alliance One International, Inc. (NYSE:AOI), watched as one of its highest level insiders altered their holdings through multiple transactions that resulted in the lowering of their exposure to the company. Through multiple transactions that were officially filed today, August 22nd, Director John M. Hines sold a total of 10,000 shares of common stock at average prices ranging from $2.24 to $2.26 per share. Moreover, following the completion of these transactions, Hines still holds 18,109 shares directly, while having 257,850 shares indirectly invested into the corporation.
Alliance One International, Inc. (NYSE:AOI) is a $199.59 million market cap leaf tobacco merchant. The Company is engaged in purchasing, processing, packing, storing and shipping tobacco to manufacturers of cigarettes and other consumer tobacco products globally.
In addition, other major investors include billionaire Seth Klarman, and his Baupost Group hedge fund. This fund currently holds about 6.38 million shares worth nearly $16 million in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.