Ingram Micro Inc. (NYSE:IM), saw a high level insider execute a transaction that began earlier in the week and was officially filed today, August 28th, resulting in the increase of their exposure to the company. Executive Vice President of Human Resources Lynn Joliffe acquired 2,163 shares of common stock at average prices of $18.75 to $28.77 per share, and now holds a total of 107,782 shares directly in the company. A $4.45 billion market cap company, Ingram Micro Inc. (NYSE:IM) is a global information technology (IT) supply-chain management, mobile device lifecycle services and logistics solutions.
In addition, there are multiple outside investors with the company, including Aqr Capital Management, the hedge fund run by billionaire Cliff Asness. After reporting a 36% rise in its activity with the corporation over the course of the last fiscal quarter, the fund now has about 2.1 million shares worth nearly $62 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.