Annies Inc (BNNY) Insider Sells Over 10,000 Shares

Annies Inc (NYSE:BNNY), watched as one of its highest level insiders and leaders executed a transaction that began earlier in the week and was officially filed today, September 11th, resulting in the lowering of their exposure to the company. This insider was president and Chief Customer Officer Mark Mortimer disposed of 12,394 shares through a series of transactions at an average price of $8.88 per share. As well, following the completion of this move, Mortimer currently holds a total of 12,394 shares directly in the company. In terms of specifics of the company, Annies Inc (NYSE:BNNY) is a $789.29 million market cap natural and organic food company. The Company’s product lines include natural products, products made with organic ingredients and certified organic products.
In addition, the largest outside investor in this company comes from the hedge fund run by billionaire Jim Simons, namely, Renaissance Technologies. This fund currently holds 284,900 shares worth about $9.6 million after maintaining its holdings over the course of the last fiscal quarter.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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