Insider Buying: Professional Diversity Network, Inc. (IPDN) Insider Buys 5,000 Shares of Stock

Professional Diversity Network, Inc. (NASDAQ:IPDN) insider James R. Kirsch bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was acquired at an average price of $4.23 per share, with a total value of $21,150.00. Following the completion of the purchase, the insider now directly owns 140,962 shares of the company’s stock, valued at approximately $596,269.26. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Professional Diversity Network, Inc. (NASDAQ:IPDN) remained flat at $$4.29 during trading on Wednesday. 73,500 shares of the company’s stock were exchanged, compared to its average volume of 112,057. Professional Diversity Network, Inc. has a 1-year low of $2.45 and a 1-year high of $13.90.

A hedge fund recently raised its stake in Professional Diversity Network stock. Vanguard Group Inc. raised its position in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 27.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,497 shares of the information services provider’s stock after acquiring an additional 4,436 shares during the period. Vanguard Group Inc. owned approximately 0.52% of Professional Diversity Network worth $141,000 at the end of the most recent reporting period. 4.97% of the stock is owned by hedge funds and other institutional investors.

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About Professional Diversity Network

Professional Diversity Network, Inc is an operator of professional networks with a focus on diversity. The Company serves various communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). The Company’s segments include Professional Diversity Network (PDN Network), which includes online professional networking communities with career resources for the needs of various diverse cultural groups; National Association of Professional Women (NAPW Network), a women-only professional networking organization, and Noble Voice operations (Noble Voice), a career consultation and lead generation service.

Insider Buying and Selling by Quarter for Professional Diversity Network (NASDAQ:IPDN)

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