Joseph Dunsmore, Chairman, President, and Chief Executive Officer at Digi International Inc. (NASDAQ:DGII), completed a disposition of 43,219 shares of Common Stock yesterday. The shares were sold at $9.53 per share and the insider used a stock option to execute the transaction. Dunsmore now owns a total of 12,786 holdings of the $237.7 million market cap networking firm.
While insider trades at Digi International have been stagnant over the past months, the fiscal year was kicked off by the Senior Vice President, Raymond Michael Dannenfeldt, who cleared out his entire company stock at the end of January. The insider unloaded all of his 195,244 shares of Common Stock, paying a price of $10.38 per share and has since not partaken in any insider activity.
On another note, shareholder positions amongst hedge funds have remained stable throughout Q1 of fiscal 2014. Chuck Royce’s Royce & Associates continues to hold the strongest shareholder position, with 1.073 million shares, worth nearly $10.9 million.