Eric Strid, Director at Cascade Microtech, Inc. (NASDAQ:CSCD), completed a disposition of 48,696 shares yesterday. The shares were sold pursuant to existing 10(b)(5)-1 plans dated December 13, 2013 in a three day transaction that commenced on Monday by unloading 26,360 shares, directly, for an average weighted price of $13.31 per share. Another 22,336 shares of Common Stock were sold on Tuesday, for an average weighted price of $13.23 per share, and the disposition was completed with 17,369 shares sold yesterday, at an average weighted price of $13.41 per share. Strid has been unloading bulks of stock consistently over the past quarter and following the last insider trade, he now owns a total of 845,409 company holdings.
On another note, Q1 of the fiscal year showed improvements amongst hedge fund holding positions, as many increased Cascade Microtech’s participation in their portfolio. Such was the case with the majority shareholder, Becker Drapkin Management, the hedge fund run by Matthew Drapkin and Steven R. Becker, which increased its holdings by 30% this quarter, and now owns 1.25 million shares, worth $12.6 million, and accounting for 7.94% of the hedge fund’s portfolio.