Oil States International, Inc. (NYSE:OIS)’s Accounting Segment’s Sr. Vice President and Corporate Secretary, Robert W. Hampton sold yesterday, June 24, 7,850 shares of the company for a price of $65.00 per share. After receiving $510,250.00 from the transaction, Mr. Hapton owns 29,319 shares of Common Stock from this $3.38 billion market cap provider of specialty products and services to natural resources companies worldwide.
This is not the insider’s first sale this year. On early March, Mr. Hampton had already sold 1,300 shares for a total of $125,905.00. In addition, another four insiders sold the stock since March. On the opposite, Oil States International, Inc. (NYSE:OIS) has not seen an insider buy its stock since December of 2012.
Despite this, several hedge funds seem to like the company. For instance, Barry Rosenstein’s Jana Partners owns 6.12 million shares, and David Einhorn’s Greenlight Capital, 2.75 million shares. However, their holdings have lost more than 40% of their value since the end of May.
Disclosure: Javier Hasse holds no position in any stocks mentioned