Louis Haddad, President and Chief Executive Officer at Armada Hoffler Properties Inc. (NYSE:AHH), bought 25,000 shares of Common Stock, directly, for a weighted average price of $9.69 per share on Thursday. Following the insider’s first stock acquisition of the fiscal year so far, he now owns a total of 110,972 company shares.
However, insider trading at the $313.3 million market cap real estate firm has been stagnant since March, when Director Russell Kirk purchased 9,850 shares of Common Stock paying a price ranging from $10.15 to $10.10 per share.
In terms of shareholding hedge funds, last quarter showed several developments. Jim Simons’ Renaissance Technologies increased the firm’s portfolio participation by 238% during Q1, boosting its shares up to 87,700 with an estimated value of $881,000. Furthermore, Ken Griffin’s Citadel Investment Group entered a new shareholding position by acquiring 31,799 Armada Hoffler shares, worth approximately $319,000. However, the top shareholding hedge fund remains J. Alan Reid’s Forward Management, with 1.19 million shares, worth $11.9 million.