Ferro Corporation (NYSE: FOE), saw an insider raise his profile with the company. Director David A. Lorber purchased 1,189.2129 shares of common stock at an average price of $13.6645 per share. After this transaction, Lorber now holds 9,500 shares directly, while indirectly having 16,570.2285 shares invested into the company.
A $1.15 billion market cap corporation, Ferro Corporation (NYSE: FOE), is a producer of specialty materials and chemicals that are sold to a range of manufacturers who, in turn, make products for many end-use markets. Moreover, the Company’s products are used as coatings on its customers’ products, such as glazes and decorations on tile, glass and dinnerware.
In addition, there is one specific hedge fund with large involvement with the company. Gamco Investors, the hedge fund run by Mario Gabelli, reported a 2% decrease in it’s activity last quarter, but still holds 8,215,850 shares worth approximately $112.2 million.