Carlos Alberini, Director at Restoration Hardware Holdings Inc. (NYSE:RH), continued his sales streak by unloading 20,000 shares of Common Stock. As well, he has sold 40,000 additional shares over the past two months as well. The sale commenced today, September 11th, when the insider sold these shares shares in multiple trades ranging from $81.19 to $81.9 per share. Moreover, as the director has been consistently selling off his company shares over the past month, he now directly holds 481,441 shares, while having 251,414 shares invested in the company indirectly.
Insider stock sales have been frequent throughout the Summer at the $3.25 billion market cap holding firm, with the Chief Financial Officer, Karen Boone, unloading 45,000 shares of Common Stock, for $82.95 per share. Kenneth Dunaj, Chief Operating Officer at Restoration Hardware, also disposed of 20,000 shares of Common Stock, paying a price of $83.75 per share.
In addition, this quarter showed a new shareholder position amongst hedge funds, in Eminence Capital. The hedge fund, run by Ricky Sandler, acquired a position with 1.25 million shares, worth $92.1 million, comprising 1.49% of the portfolio.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.