Boston, MA 09/09/2014 (wallstreetpr) – Franchisor and operator of the Take ’N’ Bake pizza chain, Papa Murphy’s Holdings Inc (NASDAQ;FRSH) Chairman John Barr purchased shares in small quantity on September 3, 4 and 8. Another officer from the company has also acquired shares on September 3.
Buys Shares
Papa Murphy’s Holdings Inc (NASDAQ:FRSH)’s Chairman John Barr has purchased 5,000 shares on September 3 for $43,350. He has acquired the 2,000 shares at $8.6, 1,000 shares at $8.65 and another 2,000 shares at $8.75 on September 3, as per the company’s Form 4 filing with the regulator on September 8. Similarly, on September 4, the Chairman has acquired 2,000 shares in two trenches at the rate of $8.6 and $8.5 for $34,200. On September 8, he has purchased another 1,000 shares at the rate of $8.8 for $8,800.
In all, John Barr has acquired 10,000 shares for $86,350. He has paid a premium of only 6.8% compared to the 52-week low price of $8.08 while he has acquired the shares at a discount of 28.7% from the yearly high price of $12.1.
Following the acquisition of 10.000 shares, Chairman’s holding in Papa Murphy’s Holdings would increase to 367,718 shares.
Indirect Buying
While the chairman buying of shares was a direct one, Calwell Ken, Papa Murphy’s Holdings Inc (NASDAQ:FRSH)’s President, Chief Executive Officer, and Director, has purchased 5,000 shares on September 3, the Nasdaq data indicated.
One-Year Period
There were three buying activities by the insiders during the last three-month period. This is excluding the latest transactions involving 10,000 shares. Together, there was a total buying of 21,825 shares was acquired by the insiders in the last three-month period.
Similarly, there were ten transactions of insider trading activities in the last one-year period. It meant a total buying of 19,501 shares. Including the current 10,000 shares, the net buying activities by the insider would be 29,501 shares in the last one-year period.
The total buying scenario among the insiders could indicate a positive scenario for the stock, as well as, for the investors. It could also suggest the management’s confidence in delivering good numbers in the coming quarters.
