Coliseum Capital Management, LLC, a 10% owner of Accuride Corporation (NYSE:ACW), completed a large stock disposition yesterday, through which the insider unloaded 115,160 shares of Common Stock. The transaction was executed over three days, commencing on Tuesday, when Coliseum sold 50,000 shares for a weighted average price of $5.2 per share. It proceeded with the sale of 42,754 shares of Common Stock, also for $5.2 per share and was completed by disposing of another 22,406 shares for a weighted average price of $5.17 per share. Furthermore, the stock was sold indirectly, through Coliseum Capital Partners, L.P. Following the shareholder’s disposition, Coliseum now owns a total of 7,591,147 company holdings.

On another note, this quarter of the fiscal year showed very little movement amongst hedge funds, with some minor shifts in Accuride’s portfolio participation. While Chuck Royce increased the firm’s portfolio activity by 32% this quarter, leaving Royce & Associates with 1.8 million shares, worth $7.9 million, Coliseum Capital remains the leading shareholder. Christopher Shackelton and Adam Gray’s hedge fund still holds the top position with 8.2 million shares, worth $36.4 million.

Disclosure: none

Suggested Articles:

Most Dangerous Countries For Tourists

Best Selling Magazines In the World