Helix Energy Solutions Group Inc (HLX) Insider Lowers Stakes In Company

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Helix Energy Solutions Group Inc (NYSE:HLX), saw a high level insider decrease his position with the company through a transaction filed today, July 29th. Executive Vice President and Chief Financial Officer Anthony Tripodo sold 5,000 shares of common stock at prices ranging from $26.83 to $23.84. Following this transaction, Tripodo now has 187,721 shares directly invested into Helix Energy Solutions Group Inc (NYSE:HLX), the $2.82 billion market cap international offshore energy company that provides specialty services to the offshore energy industry, with a focus on its growing well intervention and robotics operations.

In addition, multiple hedge funds have substantial holdings with the company. Howard Marks‘ Oaktree Capital Management remained steady in it’s holdings last quarter, now with 36,892,000 worth about $45.5 million; while Hbk Investments, the hedge fund run by David Costen Haley rose it’s activity by 3850% last quarter, and now has 1,007,700 shares worth approximately $23.1 million invested in the company.

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

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