PMFG Inc (NASDAQ:PMFG), saw a high level insider lower his position with the company. EVP, CFO & Corporate Secretary Ronald L. McCrummen disposed of 1,236 shares at an average price of $5.4049 per share.
Following this transaction, McCrummen now has 73,348 shares directly invested in PMFG Inc (NASDAQ:PMFG). A $116.34 million market cap company, PMFG is a provider of custom-engineered systems and products designed to helps ensure that the delivery of energy is safe, efficient and clean. The Company offers a range of separation and filtration products, selective catalytic reduction (SCR) systems, turbine emission exhaust systems and other complementary products, including heat exchangers, pulsation dampeners, waste water treatment systems and silencers.
While there are multiple hedge funds involved with the company, one substantially has the most exposure. Cannell Capital, the hedge fund run by Carlo J. Cannell reported an increase in it’s activity last quarter by 46%, and now has 812,673 shares worth approximately $4.8 million invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.