John F. Potter, Director at Chemung Financial Corp. (NASDAQ:CHMG), purchased last September 5th though an open market transaction 400 shares of Common Stock. These were indirectly acquired at a price of $28.21 each, for a total value of $11,284. Following the filing, Mr. Potter directly owns 41,764.139 shares and indirectly owns 8,798.252 held by Spouse.
Along Mr. Potter, other insiders have decided to increase their participation in the $130.53 million financial holding company, organized for the purpose of acquiring Chemung Canal Trust Company (the Bank). David J. Dalrymple, also Director at Chemung Financial Corp. (NASDAQ:CHMG), acquired last September 3rd 16,300 shares at a price of $28.26 each, for a total value of $460,638. Thomas R. Tyrell, another Director, bought in August 2,500 shares at an average weighted price of $28.53, for a total value of $71,325.
Chemung Financial Corp. (NASDAQ:CHMG)’s hedge fund investors on record have remained solid regarding their position to the company.
Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.