Diamond Resorts International IncĀ (NYSE:DRII), saw a top tier insider execute a move that resulted in the rise of their exposure to the company. Through a series of transactions, Chief Accounting Officer Lisa M. Gann bought a total of 5,000 shares of common stock at average prices ranging from $24.75 to $24.8 per share. Moreover, following these transactions, Gann now holds a total of 12,962 shares directly with the company. In addition, a $1.91 billion market cap company, Diamond Resorts International Inc (NYSE:DRII) is engaged in the hospitality and vacation ownership industry, with an ownership base of more than 490,000 owner-families, or members, and a network of 296 vacation destinations located in 32 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia and Africa.
Finally, the largest outside investment comes from Pentwater Capital Management, the hedge fund controlled by Matthew Halibower, which holds about 3.2 million shares worth approximately $74.5 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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