Rush Enterprises, Inc. (NASDAQ:RUSH)’s Senior Vice President and General Counsel, Derrek Weaver, unloaded 25,168 shares of Class A Common Stock yesterday. The sale was executed directly for a weighted average price of $35.78 per share and the insider also exercised his use of stock options. This is Weaver’s second stock disposition of the fiscal year, as he sold 4,000 shares in May, for a price of $32.02 per share.
Furthermore, the company’s Director and large shareholder, Marvin Rush, reported several stock dispositions throughout the fiscal year, with his latest sale completed in June. The Insider had unloaded 27,744 shares of Common Stock for a price of $33.12 per share.
Q2 of fiscal 2014 showed some improvements regarding hedge fund holdings, as several shareholders increased Rush Enterprises portfolio participation. Noah Levy and Eugene Dozortsev’s Newtyn Management increased the firms portfolio activity by 5% and now owns 548,294 shares, worth $15.4 million and accounting for 4.35% of the hedge fund’s portfolio.