Fastenal Company (NASDAQ:FAST), saw an insider raise his stakes in the company through a transaction that begin yesterday and was filed today, July 16th. CEO Willard D. Oberton purchased 1,000 shares of common stock at a range of $45.12 to $45.14 per share. Following this transaction, Oberton now directly holds 387,449 shares while having 126,878 shares invested in the company indirectly.
This is not the first time Oberton has risen his profile with the company. Earlier this year he also picked up over 1,000 shares of common stock in Fastenal Company (NASDAQ:FAST), the $13.46 billion market cap corporation that is engaged in selling industrial and construction supplies in a wholesale and retail fashion with industrial and construction supplies grouped into eleven product lines.
In addition, Steven Cohen‘s hedge fund, Sac Capital Investors, holds 2,855,840 shares worth approximately $140.8 million after reporting a 171% increase last quarter in it’s activity with Fastenal Company (NASDAQ:FAST).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.