CTPartners Executive Search Inc (NYSE:CTP), watched as an insider greatly lowered his holdings with the company by executing a transaction that began earlier in the week and was officially filed today, August 27th. Chief Operating Officer David C. Nocifora disposed of 54,426 shares of common stock at average prices ranging from $16.85 to $17.445 per share. Following this move by Nocifora, he still has 72,279 shares directly with the company. A $133.99 million market cap corporation, CTPartners Executive Search Inc (NYSE:CTP) is a provider of retained executive search services to clients on a global basis. It helps its clients build stronger leadership teams by facilitating the recruitment and hiring of C-level executives, other senior executives and board members.
In addition, while there are not many hedge funds involved with the company, Royce & Associates is betting on it this quarter. This hedge fund, run by billionaire Chuck Royce, reported a 12% rise in its activity over the last quarter, and now holds 917,846 shares worth about $8.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.