Zagg Inc (ZAGG) Insider Lowers Exposure By Over 5,000 Shares

Zagg Inc (NASDAQ:ZAGG), saw it’s Chief Operating Officer, Jason Schwartz, decrease his holdings with the company. Schwartz sold 5,838 shares of common stock on July 3rd, at an average price of $5.72 per share. After this transaction, Schwartz directly has 89,300 shares in the $177.64 market cap company that designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices.
Schwartz is not alone in his change in shares, as three major hedge funds showed movement in their position with Zagg Inc (NASDAQ:ZAGG) recently. Chuck Royce‘s Royce & Associates rose it’s stake in the company by 1,384,991 shares, worth around $6.4 million; D.E. Shaw‘s D E Shaw also saw a spike in activity, reporting a 38% increase last quarter, now holding 252,474 shares worth nearly $1.2 million; Aqr Capital Management, the hedge fund managed by Cliff Asness, lowered it’s exposure by 22%, and now holds 234,700 shares worth approximately $1.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.