International Speedway Corporation (NASDAQ:ISCA), saw two main insiders improve their position in the company by purchasing a combined 18,04 shares. Director Larry Aiello acquired 902 shares of common stock at an average of $33.28 per share; President & Vice Chairman Lesa D. Kennedy also bought 902 shares at an average of $33.28 per share. Following these transactions, Aiello directly holds 7,079 shares, while Kennedy directly holds 226,718.5 shares and indrectly holds 18,108,827.5 shares in the $1.57 billion market cap motorsports entertainment corporation.
This is not Kennedy’s first move this year, as she has gained over 15,000 shares since this April. As well, two major hedge funds hold major stock in this company.
John W. Roger‘s Ariel Investments displayed a 3% boost in activity over the last quarter, and now maintains 6,081,571 shares worth about $207 million; while Rutabaga Capital management, the hedge fund run by Peter Schliemann, reported a drop of 24% in it’s holdings last quarter, now holding 462,570 shares worth approximately $15.7 million in International Speedway Corporation (NASDAQ:ISCA).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.