Camden National Corporation (CAC) EVP Edmund M. Hayden Sells 2,340 Shares

Camden National Corporation (NASDAQ:CAC) EVP Edmund M. Hayden sold 2,340 shares of Camden National stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $45.56, for a total transaction of $106,610.40. Following the completion of the transaction, the executive vice president now directly owns 7,958 shares of the company’s stock, valued at approximately $362,566.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Camden National Corporation (CAC) traded down $0.21 during mid-day trading on Monday, hitting $45.48. 48,300 shares of the stock were exchanged, compared to its average volume of 41,287. The stock has a market capitalization of $705.67, a PE ratio of 16.72 and a beta of 0.79. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.17. Camden National Corporation has a twelve month low of $37.10 and a twelve month high of $47.41.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Camden National from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Keefe, Bruyette & Woods cut shares of Camden National from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st.

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Camden National by 479.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,936 shares in the last quarter. Atlantic Trust LLC purchased a new stake in shares of Camden National during the second quarter worth about $136,000. Legal & General Group Plc increased its stake in shares of Camden National by 4.2% during the second quarter. Legal & General Group Plc now owns 3,817 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 153 shares in the last quarter. Citigroup Inc. increased its stake in shares of Camden National by 696.7% during the second quarter. Citigroup Inc. now owns 4,772 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 4,173 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Camden National during the third quarter worth about $208,000. 63.44% of the stock is owned by institutional investors and hedge funds.

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Camden National Company Profile

Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.

Insider Buying and Selling by Quarter for Camden National (NASDAQ:CAC)

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