International Shipholding Corporation (NYSE:ISH), watched as its leader and top level insider substantially dropped his exposure to the company through a transaction completed today, August 15th. Through two transactions, President Erik L. Johnsen sold a total of 16,797 shares at average prices ranging from $22.2564 to $22.4504 per share. Following this move, Johnsen now has 160,900 shares invested in the company directly; while holding 5,650 shares indirectly. International Shipholding Corporation (NYSE:ISH), is a $162.53 million market cap company, that, through its subsidiaries, operates a diversified fleet of United States and international flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term time charters or contracts of affreightment.
The only hedge fund involvement comes from Jim Simons‘ Renaissance technologies, which reported a 12% increase in its activity over last quarter. The fund now has 312,035 shares worth approximately $9.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.