In Insider Trading…..Cavco, Drew and UMH Properties

stock_exchange_electronic_boar__neurolog_dash_kielceJoseph Stegmayer, CEO and President of Cavco Industries, Inc. (NASDAQ:CVCO) sold 20,000 shares of company stock valued at $1,798,099. based on a stock price of $89.90 per share. He now has 5.58 percent of Cavco’s market capitalization, owning 502,428 shares of company stock, according to clintongazette.

Other large investors include Robotti Robert with 180,427 shares, Third Avenue Management LLC has 957,501 shares, Cannell Capital owns 35,000 shares and Columbia Wanger Asset Management LLC has 702,685 shares.

Meanwhile, Aberdeen Asset Management PLC UK added 18,300 shares of Drew Industries, Inc. (NYSE:DW) stock and now holds 114,720 shares with a value of $6,835,000, according to its most recent filing with the Securities and Exchange Commission (SEC).

As MHProNews knows, Cavco is a major producer of manufactured and modular homes and industrial buildings, as well as park models. Drew Industries is a component supplies to the manufactured home and recreational vehicle markets.

At UMH Properties, Inc., director Matthew I. Hirsch purchased 1,067 shares of UMH at $9.38 per share for a total of $10,000, according to an SEC filing dated April 15, 2016, reports themarketdigest. Moreover, director James E. Mitchell acquired 5,000 shares at $25.50 per share with a value of $127,500. UMH owns and operates 98 manufactured home communities with 17,800 developed sites. ##

(Image credit:neurolog-kielce–electronic trading board)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. silver to Daily Business News-MHProNews.

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