ePlus Inc. (NASDAQ:PLUS), watched as one of its highest level insiders executed a transaction that began last week and was officially filed today, resulting in the lowering of their exposure to the company. Chief operating officer Mark P. Marron disposed of 10,000 shares of common stock at average prices ranging from $55.63 to $56.70 per share. Following this transaction, Marron currently holds a total of 43,429 shares directly in the company.
As well, ePlus Inc. (NASDAQ:PLUS) is a $420.73 million market cap company that, along with its subsidiaries, is engaged in the business of selling, leasing, financing, and managing information technology and other assets and provides software. The Company operates in two segments: technology sales business segment and financing business segment.
In addition, the largest outside investment in the company comes from billionaire Chuck Royce. His hedge fund, Royce & Associates, reported a 676% rise in its activity last quarter, and now holds a total of 619,674 shares worth approximately $36 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.