Alaska Communications Systems Group Inc (ALSK) CEO Anand Vadapalli Sells 10,000 Shares of Stock

Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $2.10, for a total transaction of $21,000.00. Following the transaction, the chief executive officer now owns 1,365,263 shares of the company’s stock, valued at $2,867,052.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, November 30th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was 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 $2.35 on Tuesday. Alaska Communications Systems Group Inc has a one year low of $1.55 and a one year high of $2.61. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market cap of $116.96, a PE ratio of 223.00 and a beta of -0.17.

Several institutional investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC acquired a new stake in Alaska Communications Systems Group in the 3rd quarter valued at about $3,274,000. Dimensional Fund Advisors LP lifted its stake in Alaska Communications Systems Group by 22.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,149,307 shares of the utilities provider’s stock valued at $2,609,000 after purchasing an additional 206,952 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in Alaska Communications Systems Group by 51.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 646,053 shares of the utilities provider’s stock valued at $1,421,000 after purchasing an additional 219,061 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Alaska Communications Systems Group in the 2nd quarter valued at about $392,000. Finally, Macquarie Group Ltd. acquired a new stake in Alaska Communications Systems Group in the 3rd quarter valued at about $369,000. Institutional investors 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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