L.B. Foster Co (NASDAQ:FSTR), watched as a high level insider lowered his position with the company through a transaction that began earlier in the week and was officially filed today, August 28th. Vice President Samuel K. Fisher sold 2,000 shares of common stock at average prices ranging from $10.68 to $10.83 per share. Following this shift in exposure, Fisher now holds 11,227 shares directly, while having 1,781 shares invested indirectly.
Moreover, L. B. Foster Co (NASDAQ:FSTR) is a $548.11 million market cap corporation that is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products. As well, it operates in three business segments: Rail products, Construction products, and Tubular products.
In addition, Billionaire Chuck Royce is a large outside investor in the company. His hedge fund, Royce & Associates decreased its activity by 1% last quarter, and now holds about 1.8 million shares worth nearly $100 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.