Westell Technologies Inc. (WSTL) Insider Lowers Exposure By Over 20,000 Shares

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Westell Technologies Inc. (NASDAQ:WSTL), saw an insider lower his exposure to the company. Chief Financial Officer Thomas P. Minichiello disposed of 20,218 shares at an average price of $2.06 per share. After the completion of this transaction, Minichiello now holds 294,316 shares directly in Westell Technologies Inc. (NASDAQ:WSTL), the $127.04 million market cap company.
In addition, there are multiple hedge funds with substantial holdings in the company. Renaissance Technologies, the hedge fund run by Jim Simons reported an increase in it’s involvement with the company by 8% last quarter, and now has 2,983,455 shares worth approximately $11 million; Chuck Royce‘s Royce & Associates fund also showed a rise in it’s position last quarter, by 7%, and now holds 2,163,959 shares worth nearly $8million; and Cove Street Capital, the hedge fund controlled by Jeffrey Bronchick decreased it’s holdings by 3% last quarter, and it now holds 1,392,783 shares worth about $5.1 million in Westell Technologies Inc. (NASDAQ:WSTL).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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