Cenveo, Inc. (NYSE:CVO)’s Chairman and Chief Executive Officer, Robert Burton Sr., completed an acquisition of 38,000 shares of Common Stock yesterday. The stock was bought directly and the insider paid a price of $3.25 per share. This is one of several stock purchases executed by the insider throughout the fiscal year. In June he bought 33,330 shares of Common Stock for a price of $3.06 per share, after having purchased 34,000 shares in May, paying $3.08 per share. Following yesterday’s acquisition, the insider now owns a total of 3,949,897 shares.
Furthermore, Burton isn’t the only insider who’s been acquiring Cenveo stock this quarter. In May, company Director Gerald Armstrong bought 25,000 shares of Common Stock for a price of $3.00 per share.
On another note, last quarter also showed several positive developments amongst hedge funds. Howard Marks’ Oaktree Capital Management entered a new shareholder position in March, by purchasing 3.17 million shares, worth approximately $3.28 million. And Robert Henry Lynch’s Aristeia Capital increased its stakes in the firm by 7%, boosting its shares to 15.6 million, with a value of $16.22 million.