Bruce Lewin, Director at Ark Restaurants Corp (NASDAQ:ARKR), completed his latest stock purchase on Thursday, acquiring a total of 8,500 company shares through two separate transactions. While both purchases were completed on the same day, Lewin bought 5,000 shares of Common Stock, directly, at a price of $14.4, before acquiring another 3,500 shares, directly, but at a much lower price of $12.04 per share. The director now owns a total of 292,681 company shares.
This insider stock purchase follows the trend set by the restaurant chain’s Chairman and CEO, Michael Weinstein, earlier this month. Weinstein reported three large Ark stock acquisitions since the 3rd of June, with the most recent purchase of 13,500 shares granting him a total of almost 1.1 million company shares to his name.
Furthermore, Jim Simon’s hedge fund, Renaissance Technologies, holds a small shareholder position at the $69 million market cap enterprise with 37,900 shares, while Cliff Asness’ Aqr Capital Management owns 207,348 shares, worth over $4.5 million.