Central Garden & Pet Co (NYSE:CENT), saw an insider drop his holdings with the company today through a series of transactions which were officially filed today, August 13th. Director Brooks Pennington III sold 1,073 shares at an average price of $8.9425 per share. Following this transaction, he now holds 255,459 shares directly while having 99,521.275 shares indirectly invested in the company.
Central Garden & Pet Co (NYSE:CENT), is a $443.42 million market cap corporation that is a marketer and producer of branded products. The Company is the supplier of pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Garden Products and Pet Products.
While there are multiple investors, the biggest hedge fund involvement comes from Rutabaga Capital Management, the hedge fund controlled by Peter Schilemann, and after raising its activity by 2% last quarter, the fund now has 3,469,826 shares worth nearly $29 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.