Huttig Building Products Inc (NASDAQ:HBP), saw President and CEO Jon P. Vrabely lower his holdings in the company. Vrabely dropped 7,005 shares in the company at an average of $4 per share, and this is just the most recent transaction in a year that has seen Vrabely lower his exposure considerably in recent months, as he has dropped his position by over 15,000 shares since January. After these the most recent transaction, Vrabely now holds 1,062,200 shares directly, and 8,936.79 shares indirectly in the $98.17 million market cap construction and building company.
Vrabely is not alone, as a director and the VP of the company have made similar moves in recent months. In June, director Tanner H. Delbert lowered his stakes in the company by 14,800 shares at prices ranging from $4.35 to $4.4 per share; while in May, Vice President Brian D. Robinson disposed of 2,530 shares at an average price of $4.5 per share.
In addition, the major hedge fund involved in Huttig Building Products Inc (NASDAQ:HBP), Jeffrey Gendell‘s Tontine Asset Management, reported no change in it’s activity over the last quarter, holding 29,614 shares at a value of approximately $136 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.