Insider Selling: Alaska Communications Systems Group Inc (ALSK) CEO Sells 10,000 Shares of Stock

Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $2.72, for a total transaction of $27,200.00. Following the transaction, the chief executive officer now owns 1,345,263 shares of the company’s stock, valued at $3,659,115.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Anand Vadapalli also recently made the following trade(s):

  • On Thursday, December 14th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.52, for a total transaction of $25,200.00.
  • On Thursday, December 7th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.10, for a total transaction of $21,000.00.
  • On Thursday, November 30th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.10, for a total transaction of $21,000.00.

Alaska Communications Systems Group Inc (NASDAQ ALSK) traded down $0.03 during trading hours on Friday, reaching $2.77. 512,600 shares of the company traded hands, compared to its average volume of 144,093. The firm has a market cap of $146.85, a PE ratio of 280.00 and a beta of -0.17. Alaska Communications Systems Group Inc has a 1 year low of $1.59 and a 1 year high of $2.87. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.

A number of large investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC acquired a new position in Alaska Communications Systems Group during the 3rd quarter valued at $3,274,000. Dimensional Fund Advisors LP raised its stake in Alaska Communications Systems Group by 22.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,149,307 shares of the utilities provider’s stock valued at $2,609,000 after purchasing an additional 206,952 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in Alaska Communications Systems Group by 51.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 646,053 shares of the utilities provider’s stock valued at $1,421,000 after purchasing an additional 219,061 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Alaska Communications Systems Group during the 2nd quarter valued at $392,000. Finally, Macquarie Group Ltd. acquired a new position in Alaska Communications Systems Group during the 3rd quarter valued at $369,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

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Alaska Communications Systems Group Company Profile

Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.

Insider Buying and Selling by Quarter for Alaska Communications Systems Group (NASDAQ:ALSK)

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