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

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 value of $21,000.00.

Alaska Communications Systems Group Inc (NASDAQ ALSK) traded up $0.12 during trading on Monday, hitting $2.35. The stock had a trading volume of 420,293 shares, compared to its average volume of 134,887. Alaska Communications Systems Group Inc has a 1-year low of $1.55 and a 1-year high of $2.61. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $118.01, a price-to-earnings 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 purchased a new stake in shares of Alaska Communications Systems Group during the third quarter worth $3,274,000. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 206,952 shares during the period. Kennedy Capital Management Inc. increased its position in shares of Alaska Communications Systems Group by 51.3% during the second quarter. Kennedy Capital Management Inc. now owns 646,053 shares of the utilities provider’s stock worth $1,421,000 after acquiring an additional 219,061 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Alaska Communications Systems Group in the second quarter valued at $392,000. Finally, Macquarie Group Ltd. purchased a new position in Alaska Communications Systems Group in the third quarter valued at $369,000. 44.60% of the stock is currently owned by institutional investors and hedge funds.

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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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