Vertex Energy Inc (NASDAQ:VTNR), watched as a top level insider executed a transaction that began last week and was officially filed today, September 8th, resulting in a rise in the insider’s exposure to the company. Director Timothy C. Harvey purchased 10,000 shares of common stock at an average price of $8.541 per share. Following this move, Harvey now has a total of 15,800 shares indirectly invested in the company. Moreover, Vertex Energy Inc (NASDAQ:VTNR) is a $227.25 million market cap environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company manages the transport, storage and delivery of the aggregated feedstock and product streams to end users. Vertex operates in two divisions.
In addition, one hedge fund involved in this company is Whitebox Advisors, the hedge fund run by Andy Redleaf. After raising its holdings by 168% last quarter, the fund now holds 320,382 shares worth about $3.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.