Insider Trading at A. Schulman Inc. (SHLM): CEO Joseph Gingo Sells 16,668 Shares


On Monday, A. Schulman Inc. (NASDAQ:SHLM)’s Chief Executive Officer, Joseph Gingo, unloaded 16,668 shares of Common Stock, directly, for a price of $39.39 per share. This is the insider’s first stock transaction of the fiscal year and following the sale, he now owns a total of 133,841 company holdings.

However, this quarter showed several active insiders at the $1.16 billion market cap supplier of plastic compounds, resins, and services. Director Ernest Novak Jr., for example, sold 5,000 shares of Common Stock at the beginning of July, receiving $41.15 for each share, while John Yasinsky, also Director at A. Schulman, unloaded 4,786 shares for $41.50 per share.

Regarding shareholding hedge funds and their current positions at the firm, there have been some changes. Mariko Gordon’s Daruma Asset Management increased its stakes in the company by 5% last quarter, bringing the hedge fund’s total shares up to 1.71 million, worth $62 million, while Chuck Royce’s Royce & Associates decreased portfolio participation by 9% and now owns 2.31 million shares, with an estimated value of $83.8 million.

Disclosure: none

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