Insider Selling: Straight Path Communications Inc (STRP) Major Shareholder Sells 21,213 Shares of Stock
Straight Path Communications Inc (NASDAQ:STRP) major shareholder Howard S. Jonas sold 21,213 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.11, for a total transaction of $3,799,460.43. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Straight Path Communications Inc (NASDAQ:STRP) traded up 0.15% on Friday, reaching $178.88. 79,195 shares of the company’s stock were exchanged. The firm’s market cap is $2.27 billion. The company has a 50 day moving average price of $179.39 and a 200 day moving average price of $117.39. Straight Path Communications Inc has a one year low of $15.06 and a one year high of $235.88.
Straight Path Communications (NASDAQ:STRP) last released its quarterly earnings results on Friday, June 9th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.28. The business had revenue of $0.17 million during the quarter, compared to the consensus estimate of $0.17 million. During the same period in the previous year, the business posted $0.25 EPS. Analysts expect that Straight Path Communications Inc will post ($3.19) EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This report was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://theolympiareport.com/2017/08/12/straight-path-communications-inc-strp-major-shareholder-sells-3799460-43-in-stock-updated.html.
A number of large investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System acquired a new stake in Straight Path Communications during the second quarter worth approximately $1,022,000. Marshall Wace LLP purchased a new position in shares of Straight Path Communications during the second quarter worth $744,000. BNP Paribas Arbitrage SA raised its stake in Straight Path Communications by 3,485.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,004 shares of the company’s stock valued at $180,000 after buying an additional 976 shares during the period. Gamco Investors INC. ET AL raised its stake in Straight Path Communications by 103.6% in the second quarter. Gamco Investors INC. ET AL now owns 14,250 shares of the company’s stock valued at $2,560,000 after buying an additional 7,250 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Straight Path Communications during the second quarter valued at approximately $4,951,000.
About Straight Path Communications
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
Receive News & Ratings for Straight Path Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Straight Path Communications Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.