Speed Commerce Inc (NASDAQ:SPDC), saw one of its high level insiders improve his position in the company through a transaction filed today, August 13th. President and Chief Executive Officer Richard Willis bought 15,000 shares at an average price of $27.3 per share.
Following the completion of this transaction, Willis now holds a total of 550,467 shares directly in the company. Speed Commerce Inc (NASDAQ:SPDC), a $182.56 million market cap company that is a distributor and provider of complete logistics solutions to traditional and Internet-based retailers. The Company’s solutions support both direct-to-consumer (DTC) and business-to-business (B2B) sales channels. As well, the Company also publishes computer software.
The largest outside involvement comes from the hedge fund run by Matthew Drapkin And Steven R. Becker, Becker Drapkin Management. This fund lowered its holdings by 30% last quarter, and now has 1,828,928 shares worth about $6.6 million invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.