Severn Bancorp, Inc. ’s Director John Lamon Purchases 500 Shares


Severn Bancorp, Inc. (NASDAQ:SVBI)’s Director John Lamon declared having purchased 500 shares of Common Stock, procuring the stock for a price of $4.8 per share. Following this transaction, the insider beneficially owns 45,000 shares of the savings and loan holding, $49.13 million Market Cap, company. Mr. Lamon’s acquisition is the only one registered at Severn Bancorp, Inc. (NASDAQ:SVBI) for 2014’s second quarter. However, at the beginning of Q1, Mr. Lamon and three other insiders had procured the company’s stock, at prices ranging from $4.41 to $4.88 per share.

Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s Grt Capital Partners Hedge Fund has had activity procuring stocks at Severn Bancorp, Inc. (NASDAQ:SVBI) in the past, but it seems this quarter the hedge fund has decided to make no transactions.

Previous insider movements at Severn Bancorp, Inc. (NASDAQ:SVBI) were the sales from Keith Stock, who disposed of 6,000 shares at prices ranging from $2.99 to $3.06 during 2009.

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