Clearfield Inc (NASDAQ:CLFD), saw a high level insider execute a transaction today that resulted in the lowering of their exposure to the company. Director Donald R. Hayward sold 9,500 shares of common stock at average prices of $13.85 to $13.93 per share, and now holds a total of 8,401 shares directly in the corporation. Moreover, Clearfield Inc (NASDAQ:CLFD) is a $188.52 million market cap company that manufactures, markets and sells a fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site.
In addition, one of the biggest outside investors in the corporation is billionaire Jim Simons. His hedge fund, Renaissance Technologies, reported a 10% decrease in its activity over the course of the last fiscal quarter, and now holds 392,199 shares worth about $6.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.