NewBridge Bancorp (NASDAQ:NBBC), saw an insider raise his positioning with the company through a transaction officially filed today, August 29th. Director Michael S. Albert acquired 2,000 shares of common stock at an average price of $7.4468 per share. Following this transaction, Albert now holds 29,373 shares directly, while having 22,648 shares indirectly invested in the company. Moreover, a $250.47 million market cap corporation, NewBridge Bancorp (NASDAQ:NBBC) is a bank holding company.
In addition, there are multiple hedge funds involved with the bank holding corporation. Basswood Capital, the hedge fund run by Matthew Lindenbaum, saw its activity rise by 78% over the course of the last fiscal quarter, and now holds about 2.62 million shares worth around $21.2 million; while Citadel Investment Group, the hedge fund controlled by billionaire Ken Griffin, also experienced an increase in its activity last quarter, by 1%, and the fund now holds a total of 62,676 shares worth about $505 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.