Ian Cumming Insider Buy
Yesterday, an insider trading purchase was made. Ian Cumming, the director and an insider of Crimson Wine Group Ltd purchased precisely 4,114 shares of Crimson Wine Group Ltd, worth approx. $37,555 US Dollars, at $9.1 of a share at the time of the purchase. Ian is trying to silently increase his company’s share, same as he did in the last month. He bought another 18,027 shares worth $166,149 USD. Now, Ian Cumming holds 2.17 million shares or 8.90% of the Company’s market capitalization.
Crimson Wine Group - Ltd Sentiment and Fundamentals
Taking into account Ian’s deal and our trend model as shown below, we rate Crimson Wine Group Ltd’s stock “neutral”. Over the last 150 days Crimson Wine Group Ltd’s stock price has crashed 0.56% and currently is in steady downtrend.
Just as legendary stock traders (who include Ray Dalio) shared, the best money is made via a mix of fundamental & technical analysis. This doesn’t look to be the case with Crimson Wine Group Ltd. The information is as revealed in a SEC filing dated 30-09-2015.
Institutional Ownership
Recently released 13F public filings data reveal 19 investment managers own Crimson Wine Group Ltd. The institutional ownership of the company in the last quarter is low, at 20.78% of the shares outstanding. They decreased by 1,211 the total shares they hold. As of that quarter these institutional players and asset managers owned 5.08 million shares.
Beck Mack & Oliver Llc is the most bullish institutional investor on Crimson Wine Group Ltd, with ownership of 2.76 million shares as of Q2 2015 for 0.67% of the fund’s portfolio. Menlo Advisors Llc is another bullish investment manager possessing 14,838 shares of the company or 0.10% of their stocks portfolio. The stock is also 0.06% of the fund’s AUM. Further Marshfield Associates have 0.14% of their stock portfolio invested in the company’s market cap for 196,020 shares. The Virginia-based fund Motley Fool Asset Management Llc disclosed it had purchased a stake worth 0.95% of the fund’s stock portfolio in Crimson Wine Group Ltd. Iat Reinsurance Co Ltd. is also upbeat about the -listed company, with ownership of 50,955 shares or 0.08% of their stock portfolio.
Crimson Wine Group Ltd OTCMKTS:CWGL Firm Profile
Crimson Wine Group, Ltd. owns and operates boutique, estate-based wineries that produce wines in the wine growing regions of California, Oregon and Washington. The Company operates through two segments: Wholesale Sales and Direct to Consumer Sales. The Wholesale Sales segment includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales segment includes retail sales in the tasting room, remote sites and at on-site events, Wine Club sales, and other sales made directly to the consumer without the use of an intermediary. The company through its subsidiaries owns four wineries: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards and Seghesio Family Vineyards.
Company Website: Crimson Wine Group Ltd
Crimson Wine Group Ltd has 60 employees. Currently its market cap is: $221.34 million and it has 24.38 million outstanding shares. Currently there are unknown shareholders and the institutional ownership is 0.00%. Crimson Wine Group Ltd was founded in Delaware on 1991-02-28. The stock closed at $9.05 yesterday and it had average 2 days volume of 28428 shares. It is up from the 30 days average shares volume of 27781. Crimson Wine Group Ltd has a 52w low of $8.66 and a 250 days high of $9.80. The stock price is below the 200 days Simple moving average.
Ian Cumming is also director of Homefed Corp, Leucadia National Corp, Jefferies Group Llc, Skywest Inc, Mueller Industries Inc, General Motors Financial Company, Inc., Jeffries Group Inc.
* Shares purchased pursuant to a Rule 10b5-1 plan entered into by the reporting person.
