Rubicon Technology, Inc. (NASDAQ:RBCN), saw it’s CFO, Treasurer and Secretary reduce his exposure to the company. William F. Weissman dropped 1,644 shares of common stock at an average of $8.75 per share. Following this transaction, Weissman directly 16,039 shares in Rubicon Technology, Inc.(NASDAQ:RBCN), the $245.09 million market cap company that manufactures synthetic electronic materials for opto-electronic, semiconductor fabrication, telecommunications, and optical & laser applications.
In addition, there are three major hedge funds with substantial holdings in the company. Chuck Royce‘s Royce & Associates reported a 1% decrease in it’s activity last quarter, and now has 1,853,442 shares worth nearly $21 million; Sac Capital Advisors, the hedge fund controlled by Steven Cohen, remained steady in it’s holdings with the company, showing no movement over the last quarter, and now holds 833,900 shares worth about $9.4 million; while John W. Roger‘s Ariel Investments lessoned it’s position 61%, now holding 761,517 shares in Rubicon Technology, Inc.(NASDAQ:RBCN), worth approximately $8.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.