Yesterday, Bemis Company, Inc. (NYSE:BMS) awarded two of its insiders with stock grants. Company Directors Timothy Manganello and William Mansfield each received a stock grant, although with different values. While Manganello was awarded with 767 shares of Common Stock, with a total value of $31,255.25, Mansfield received a slightly smaller grant of 522 shares, worth $21,271.50. However, insider trading has been extremely stagnant at the $4.1 billion market cap packaging product manufacturer this year, with the last stock transaction dating back to October of 2013.
Nonetheless, hedge funds remained confident in Bemis Company throughout this quarter, many of which increased the company’s portfolio participation. Such was the case with Joel Greenblatt’s Gotham Asset Management, which increased the company’s holding activity by 17%, and now owns a total of 258,210 shares, with a value of $10.1 million. Chuck Royce augmented Bemis’ activity by 11% at Royce & Associates this quarter, bumping his shares up to 514,800, with an estimated value of $20.2 million.