Synergy Resources Corp (SYRG) Insider Raises Holdings By 50,000 Shares

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Synergy Resources Corp (NYSE:SYRG), saw an insider continue to raise his positioning in the company. Co-CEO Edward A. Holloway purchased 50,000 shares at an average price of $13.48 per share, thus continuing his streak of transactions of this nature as Holloway has bought over 1,500 shares as well over the last two months.
Following this move, Holloway indirectly has 3,202,987 shares in Synergy Resources Corp (NYSE:SYRG), the $1.01 billion market cap  oil and gas operator focused on the acquisition, development, exploitation, exploration and production of oil and natural gas properties in Colorado.
As well, there are multiple hedge funds with holdings in the company.  Ken Griffin‘s Citadel Investment Group reported a 6% decrease in it’s exposure last quarter, and now has 1,758,861 shares worth about $18.9 million; while Driehaus Capital, the hedge fund run by Richard Driehaus, experienced a 13% reduction in it’s holdings with the company last quarter, and now holds 720,564 shares worth approximately $7.7 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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