Insider Buying: pdvWireless, Inc. (PDVW) Major Shareholder Buys 19,578 Shares of Stock

pdvWireless, Inc. (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. purchased 19,578 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $29.61 per share, with a total value of $579,704.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Owl Creek Asset Management, L. also recently made the following trade(s):

  • On Thursday, November 9th, Owl Creek Asset Management, L. purchased 9,309 shares of pdvWireless stock. The stock was acquired at an average cost of $29.95 per share, with a total value of $278,804.55.
  • On Friday, November 3rd, Owl Creek Asset Management, L. purchased 14,749 shares of pdvWireless stock. The stock was acquired at an average cost of $29.26 per share, with a total value of $431,555.74.
  • On Tuesday, November 7th, Owl Creek Asset Management, L. purchased 25,257 shares of pdvWireless stock. The stock was acquired at an average cost of $29.56 per share, with a total value of $746,596.92.

Shares of pdvWireless, Inc. (NASDAQ PDVW) traded down $0.60 during trading hours on Monday, reaching $29.45. 9,700 shares of the company traded hands, compared to its average volume of 20,201. pdvWireless, Inc. has a 12-month low of $18.70 and a 12-month high of $33.75.

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PDVW has been the subject of several research reports. B. Riley reaffirmed a “buy” rating and issued a $59.00 price target on shares of pdvWireless in a report on Wednesday, November 8th. Zacks Investment Research raised shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, October 18th. BidaskClub raised shares of pdvWireless from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, ValuEngine upgraded shares of pdvWireless from a “sell” rating to a “hold” rating in a research report on Monday, August 7th.

A number of large investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC lifted its position in pdvWireless by 0.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 29,780 shares of the wireless provider’s stock valued at $651,000 after purchasing an additional 124 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in pdvWireless by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock valued at $789,000 after purchasing an additional 209 shares during the last quarter. Teachers Advisors LLC lifted its position in pdvWireless by 2.2% in the 2nd quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock valued at $420,000 after purchasing an additional 391 shares during the last quarter. American International Group Inc. lifted its position in pdvWireless by 7.1% in the 1st quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock valued at $131,000 after purchasing an additional 398 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in pdvWireless by 5.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

pdvWireless Company Profile

pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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