The Senior Vice President and Chief Financial Officer at Baker Hughes Incorporated (NYSE:BHI), Peter Ragauss disposed of 10,000 shares of Common Stock,$1.00 par value, directly, yesterday, paying a price of $74.65 per share. The CFO has been consistently unloading 10,000 shares of Baker Hughes’ shares at the beginning of each month throughout 2014, and his remaining holdings add up to 60,476. However, Ragauss also received a grant of 106 shares for $46.97 per share.
Other insiders have also sold their company shares this month, such as Alan Crain, Senior Vice President and Chief Legal Officer at the $32.8 billion market cap oilfield firm. Crain sold 16,196 shares of Common Stock, $1.00 par value two weeks ago, paying a price of $73.74 per share.
On another note, hedge fund movements in this past quarter have been solid. Greenhaven Associates, the hedge fund run by Edgar Wachenheim remains the majority shareholder with 9.4 million, worth $611.4 million. Baker Hughes accounts for 12.54% of the hedge fund’s portfolio.