General Communication, Inc. (GNCMA) Insider Gregory F. Chapados Sells 30,000 Shares

General Communication, Inc. (NASDAQ:GNCMA) insider Gregory F. Chapados sold 30,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $39.72, for a total transaction of $1,191,600.00. Following the transaction, the insider now owns 497,375 shares of the company’s stock, valued at approximately $19,755,735. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

General Communication, Inc. (NASDAQ:GNCMA) traded up $0.23 during trading hours on Friday, hitting $39.68. 211,900 shares of the stock were exchanged, compared to its average volume of 225,036. The company has a debt-to-equity ratio of -511.65, a quick ratio of 1.19 and a current ratio of 1.24. General Communication, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $43.63.

A number of research firms have recently weighed in on GNCMA. BidaskClub cut shares of General Communication from a “buy” rating to a “hold” rating in a research note on Thursday. Drexel Hamilton raised shares of General Communication from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.

Several large investors have recently bought and sold shares of GNCMA. Farallon Capital Management LLC acquired a new position in shares of General Communication during the 2nd quarter worth $23,412,000. Ratan Capital Management LP acquired a new position in shares of General Communication during the 2nd quarter worth $12,213,000. CNH Partners LLC acquired a new position in shares of General Communication during the 2nd quarter worth $9,671,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of General Communication during the 2nd quarter worth $9,524,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in General Communication in the 3rd quarter valued at about $8,799,000. 64.87% of the stock is currently owned by institutional investors and hedge funds.

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About General Communication

General Communication, Inc is a holding company. The Company, together with its subsidiaries, is a communications provider with operations primarily in the State of Alaska. The Company provides a range of wireless, data, video, voice and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand.

Insider Buying and Selling by Quarter for General Communication (NASDAQ:GNCMA)

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