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

Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $2.10, for a total transaction of $21,000.00. Following the sale, the chief executive officer now directly owns 1,375,263 shares in the company, valued at $2,888,052.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • 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.

Alaska Communications Systems Group Inc (NASDAQ:ALSK) opened at $2.54 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 1.03. Alaska Communications Systems Group Inc has a fifty-two week low of $1.55 and a fifty-two week high of $2.61. The company has a market cap of $125.35, a price-to-earnings ratio of 239.00 and a beta of -0.17.

Several institutional investors have recently bought and sold shares of ALSK. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Alaska Communications Systems Group during the 3rd quarter valued at $3,274,000. Dimensional Fund Advisors LP grew its holdings in shares of Alaska Communications Systems Group by 31.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 942,355 shares of the utilities provider’s stock valued at $2,073,000 after acquiring an additional 224,004 shares in the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of 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 acquiring an additional 219,061 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Alaska Communications Systems Group during the 2nd quarter valued at $392,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Alaska Communications Systems Group during the 3rd quarter valued at $369,000. Institutional investors and hedge funds own 44.60% of the company’s stock.

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About Alaska Communications Systems Group

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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