Harmonic Inc (HLIT) Insider Raises Profile With The Company By 10,000 Shares


Harmonic Inc (NASDAQ:HLIT), saw a high level insider raise his exposure through a transaction that was initiated last friday and officially filed today. President and Chief Executive Officer Patrick Harshman bought 10,000 shares at an average price of $5.97 per share. Following this transaction, Harshman now has 334,443 shares directly invested into the company.

Harmonic Inc (NASDAQ:HLIT) is a $563.17 million market cap corporation that designs, manufactures and sells versatile and video infrastructure products and system solutions. The Company’s products are of three principal categories: video production platforms and playout solutions, video processing solutions and edge and access products.

In addition, there is one hedge fund in particular with the most involvement in the company. Royce & Associates, the hedge fund run by Chuck Royce rose it’s activity last quarter by a reported 436%, and now has 803,377 shares worth about $5.7 million invested in the corporation.

Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.

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