Boston, MA 08/25/2014 (wallstreetpr) – One of the big shareholders in Altisource Asset Management Corp (NYSEMKT:AAMC), Luxor Capital Group LP, had acquired shares in the open market boosting its holding in the company. The insider had acquired shares on August 20, 21, and 22 for its various funds managed by it.
Buys Shares
Luxor Capital Group LP had purchased 14,281 shares at an average cost of $576.62 by paying about $8.23 million on August 20, according to the company’s filing with the Securities and Exchange Commission or the SEC. Luxor had made four transactions by purchasing 3,950, 8955, 421, and 955 shares at different prices.
On the next day too, the company had resorted to buying 7,923 shares at the rate of $592.80 a share with an outflow of approximately $4.7 million. Luxor had purchased these shares through ten transactions of varying quantity between 9 shares and 2,589 shares on August 21. The company had paid a different price every time it bought the shares of Altisource Asset Management Corp (NYSEMKT:AAMC).
On the third consecutive day, i.e. August 22, Luxor had acquired another 5,194 shares at an average cost of $612.58 for approximately $3.189 million. The limited partners company had indulged in 12 transactions to buy these shares. For each transaction, the buying price differed. For instance, it had acquired 602 shares at the rate of $600 a share and bought another 94 shares at cost of $621.36.
As a result of these three days of transactions, Luxor Capital was holding 121,112 shares. This is roughly valued around $75.08 million based on Friday’s closing price of $620.
Last Three Month Transactions
According to a Nasdaq data, there were a total nine insider trades in the last three-month period, which excluded the latest three-day period. The buying quantity outnumbered selling quantity. While 6,103 shares were purchased, 1,388 shares were sold thus a net purchase of 4,715 shares.
Similarly, for the 12-month period, there were 35 insider trading activities from the open market. While 48,825 shares were acquired, 32,112 shares were sold during the one-year period, excluding the latest three-day purchase. It resulted in net buying of 16,713 shares.
