Monotype Imaging Holdings Inc. (NASDAQ:TYPE), saw an insider decrease his holdings with the company in a transaction filed July 8th. Sr VP, CFO, Treas., and Assistant Secretary Scott E. Landers disposed of 2,000 shares at an average price of $28.7302 per share.
Following this transaction, Landers directly holds 64,782 shares in the company. This is not the first move of this type that Landers has made in recent months. Since May of this year, Landers has sold 4,000 additional shares of common stock in Monotype Imaging Holdings Inc. (NASDAQ:TYPE), the $1.12 billion market cap corporation that is a provider of text imaging solutions. The Company’s end user and embedded solutions for print, Web and mobile environments enable people to create and consume content on any and every device.
In addition, the biggest hedge fund involved with the company is Chuck Royce‘s Royce & Associates, which holds 1,038,500 shares worth about $31.3 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.