Fuel Tech Inc (NASDAQ:FTEK) saw an insider raise his position in the company through a transaction that was executed today. The President, Chief Executive Officer, and Chairman Douglas G. Bailey purchased 34,000 shares of common stock at prices ranging from $4.10 per share to $4.25 per share. Following this filing, Bailey directly holds a total of about 1.73 million shares.
Fuel Tech Inc (NASDAQ:FTEK) is a $99.6 million market cap company that uses a suite of advanced technologies to provide boiler optimization, improvement and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates in two segments: Air Pollution Control technology and FUEL CHEM technology.
In addition, among the multiple outside investors in the company is billionaire Ken Griffin‘s Citadel Investment Group. After lowing its holdings by 65% over the last quarter, this hedge fund now holds 47,912 shares worth about $270 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.