Allan Bradley, Executive Vice President of Questar Corporation (NYSE:STR), completed a disposition of 10,000 shares of Common Stock on Friday. The sale was executed directly, through the use of stock options and Bradley paid a price of $24.18 per share. This is one of the insiders many stock sales completed over the last quarter, as he disposed of 20,000 shares of Common Stock in June, paying a price of $23.83 per share. And in the previous month, the Executive VP unloaded another 10,000 shares, for $23.89 a share.
Furthermore, while Bradley has been the most active insider on the trading spectrum, the $4.1 billion market cap natural gas holding firm has benefitted from the support of hedge funds. In fact, Q1 of the fiscal year showed new shareholding positions, such as Phill Gross and Robert Atchinson’s Adage Capital Management, which recently acquired 2.7 million company shares, for a value of $64.2 million. The majority shareholder, however, remains John Osterweis’ hedge fund, Osterweis Capital Management, with 2.8 million shares, worth $67.1 million.