The Kroger Co. (NYSE:KR)’s Group Vice President, Lynn Marmer, unloaded 6,098 shares of Common Stock, directly, yesterday. The insider paid a price of $49.25 per share for her first stock disposition of the fiscal year so far, and following the sale she now holds a total of 35,379 company shares.
Although this is Marmer’s first stock transaction, the $23.9 billion market cap retailer witnessed several insider sales this past quarter. Last Thursday, Kroger’s Senior Vice President, Joseph Michael Donnelly, unloaded 13,153 shares of Common Stock, paying a price of $49.90 per share. Senior Vice President, Marnette Perry, also sold 20,000 shares of Common Stock towards the end of June, for $49.52 per share, starting off the trend at Kroger.
Regarding the currently largest shareholder position amongst hedge funds this quarter, Steven Richman’s East Side Capital (Rr Partners) remains the leader, in spite of having decreased the firm’s holdings in its portfolio by 13% during Q1. The hedge fund now holds 4.9 million company shares, worth $214.8 million, accounting for 7.43% of its portfolio.