Insider Selling: Alaska Communications Systems Group Inc (ALSK) CEO Sells $23,000.00 in Stock

Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $2.30, for a total transaction of $23,000.00. Following the transaction, the chief executive officer now owns 1,285,263 shares in the company, valued at $2,956,104.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, January 25th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.36, for a total transaction of $23,600.00.
  • On Thursday, January 18th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.49, for a total transaction of $24,900.00.
  • On Thursday, January 11th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.56, for a total transaction of $25,600.00.
  • On Thursday, January 4th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.64, for a total transaction of $26,400.00.
  • On Friday, December 28th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.77, for a total transaction of $27,700.00.
  • On Thursday, December 28th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.77, for a total transaction of $27,700.00.
  • On Thursday, December 21st, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.72, for a total transaction of $27,200.00.
  • On Thursday, December 14th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.52, for a total transaction of $25,200.00.
  • On Thursday, December 7th, 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.
  • 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 $2.23 on Monday. The firm has a market cap of $116.96, a PE ratio of -111.50 and a beta of -0.25. Alaska Communications Systems Group Inc has a 52-week low of $1.60 and a 52-week high of $2.91. 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 (NASDAQ:ALSK) last posted its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.01 earnings per share for the quarter. Alaska Communications Systems Group had a negative net margin of 0.66% and a negative return on equity of 0.03%. The firm had revenue of $56.70 million for the quarter.

A number of hedge funds have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC raised its stake in Alaska Communications Systems Group by 61.9% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,335,308 shares of the utilities provider’s stock worth $6,259,000 after purchasing an additional 893,039 shares during the period. Dimensional Fund Advisors LP raised its stake in Alaska Communications Systems Group by 22.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,149,307 shares of the utilities provider’s stock worth $2,609,000 after purchasing an additional 206,952 shares during the period. Macquarie Group Ltd. purchased a new position in Alaska Communications Systems Group during the third quarter worth about $369,000. Northern Trust Corp raised its stake in Alaska Communications Systems Group by 2.3% during the second quarter. Northern Trust Corp now owns 131,636 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 2,952 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Alaska Communications Systems Group by 12.7% during the second quarter. Goldman Sachs Group Inc. now owns 115,243 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 12,967 shares during the period. 44.33% of the stock is currently owned by institutional investors.

Separately, TheStreet upgraded shares of Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a research report on Friday, January 5th.

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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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