Insider Purchase at Ark Restaurants Corp: CEO Michael Weinstein Buys Company Stock


Michael Weinstein, Chairman and CEO of Ark Restaurants Corp. (NASDAQ:ARKR), purchased 13,500 shares of the company’s  common stock, at $14.4 per share, yesterday. The Chairman’s acquisition was the third to be completed this week and Weinstein now owns almost 1.1 million shares, directly. His last two purchases featured 27,000 shares at $12.04 and another batch of 13,500 shares, both completed on the 3rd of June 2014.

Furthermore, Jim Simons of Renaissance Technologies increased his shareholder position by 12% in the past quarter and now owns 37,900 shares, with a value of nearly $840,000. However, Aqr Capital Management’s Cliff Asness also holds a solid shareholder position in the company, as his 207,348 shares are worth over $4.5 million. Nonetheless, the company’s stock purchases have been slow in the past, with few insiders looking towards this firm for acquisitions.

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