A top level insider at FTD Companies Inc (NASDAQ:FTD) lowered his exposure to the company today. President of the International Division, Rhys J. Hughes sold 9,308 shares of common stock at an average price of $32.57 per share. Following this transaction, Hughes now has 28,938 shares directly invested in the company. A 628.24 million market cap corporation, FTD Companies Inc (NASDAQ:FTD) is a floral and gifting company that provides floral, gift and related products and services to consumers and retail florists, as well as to other retail locations offering floral and gift products primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland.
In addition, there are multiple hedge funds involved with the company. Jamie Zimmerman‘s Litespeed Management holds 1.8 million shares worth about $58.2 million; while Royce & Associates, the hedge fund controlled by Chuck Royce, showed no change in its holdings last quarter, and has 543,195 shares worth nearly $17.3 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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