Naveen Anand, President and Chief Executive Officer at Hallmark Financial Services, Inc.(NASDAQ:HALL) acquired last September 10th and 11th through two open market transactions 34,609 shares of Common Stock. The first 31,609 shares were purchased at an average weighted price of $9.49, for a total value of $299,906. The following 3,000 were bought at an average weighted price of $9.52, for a total value of $28,569. Following this transactions, Mr. Anand directly owns 34,609 shares of the $186.87 million market cap insurance holding company.
In the same way, some of Hallmark Financial Services, Inc.(NASDAQ:HALL)’s major hedge fund investors on record have also decided to increase their exposure to the firm. Jeffrey Bronchick’s fund, Cove Street Capital –owner of over a million shares- has done so by 18%. In the meantime, Ken Griffin’s Citadel Investment Group –owner of 71,159 shares- has also increased its stake in the company by 36%.
Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.