Insider Buying: IES Holdings Inc (IESC) Director Acquires 1,500 Shares of Stock

IES Holdings Inc (NASDAQ:IESC) Director Todd M. Cleveland bought 1,500 shares of the stock in a transaction on Saturday, December 29th. The shares were acquired at an average cost of $17.03 per share, with a total value of $25,545.00. Following the purchase, the director now owns 160,627 shares of the company’s stock, valued at approximately $2,735,477.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of IES Holdings Inc (IESC) traded down $0.10 during midday trading on Wednesday, reaching $16.95. The company’s stock had a trading volume of 24,397 shares, compared to its average volume of 22,000. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.54. The firm has a market capitalization of $360.66, a P/E ratio of 27.34 and a beta of 0.68. IES Holdings Inc has a 12-month low of $14.05 and a 12-month high of $21.95.

Separately, BidaskClub raised IES from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. raised its stake in IES by 7,445.0% during the second quarter. Citigroup Inc. now owns 7,545 shares of the technology company’s stock worth $137,000 after acquiring an additional 7,445 shares in the last quarter. PDT Partners LLC raised its stake in IES by 2.1% during the second quarter. PDT Partners LLC now owns 10,521 shares of the technology company’s stock worth $191,000 after acquiring an additional 221 shares in the last quarter. Rhumbline Advisers acquired a new position in IES during the second quarter worth about $214,000. Teachers Advisors LLC raised its stake in IES by 7.2% during the second quarter. Teachers Advisors LLC now owns 17,098 shares of the technology company’s stock worth $310,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in IES by 309.5% during the second quarter. Nationwide Fund Advisors now owns 22,717 shares of the technology company’s stock worth $412,000 after acquiring an additional 17,169 shares in the last quarter. 77.99% of the stock is owned by hedge funds and other institutional investors.

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About IES

IES Holdings, Inc, formerly Integrated Electrical Services, Inc, is a holding company that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The Company operates through four segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.

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