Nuverra Environmental Solutions Inc (NYSE:NES)’s Director, Officer and large shareholder, Mark D. Johnsrud has acquired last September 4th through an open market transaction 124,551 shares of Common Stock. Of these, 25,000 were bought at an average weighted price of $13.27 each, for a total value of $331,750. The remaining 99,551 shares were purchased for an average weighted price of $13.81, for a total value of $1,374,799. Following the filing, Mr. Johnsrud directly owns 9,789,319 shares and indirectly owns 1016 shares by his 401(k) Match Plan of this $391.34 million market cap company.
In the same way, one of Nuverra Environmental Solutions Inc (NYSE:NES)’s largest hedge fund investors on record has decided to increase its stake in the firm. David E. Shaw’s D E Shaw –owner of 126,186 shares- has done so by a 62%. Nonetheless, other hedge fund shareholders on record have determined to decrease its exposure to Nuverra Environmental Solutions Inc (NYSE:NES). This is the case of Benjamin J. Taylor’s Sophrosyne Capital –owner of 52,300 shares- that has decided to reduce its participation by a 33% in this company that provides environmental solutions to protect, enhance and advance environmental sustainability.
Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.