SUPERVALU INC. (NYSE:SVU), saw one of its top level insiders greatly lower his position in the company through a transaction officially filed today, August 11th. Executive Vice President and Chief Financial Officer Bruce H. Besanko disposed of 30,655 shares of common stock at an average price of $9.27 per share.
Following the completion of this transaction, Besanko now has a total of 194,345 shares directly invested in the company. A $2.47 billion market cap company, SUPERVALU INC. (NYSE:SVU) is a United States grocery channel that operates in three segments: Retail food, Save-A-Lot and Independent business. The Company leverages its distribution operations by providing wholesale distribution and logistics and service solutions to its independent retail customers through its Independent business segment.
The largest hedge fund involvement comes from Barry Rosenstein‘s Jana Partners, which after raising its activity by a reported 45% last quarter, now has 24,739,739 shares worth approximately $169.2 million invested in the grocery corporation.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.