Form 4: Bradley Radoff Increases Stake in Harte Hanks Inc. Through Open Market Purchases
SEC Filing
Director Bradley Radoff has increased his holdings in Harte Hanks Inc. (HHS) through a series of open market purchases, according to a recent SEC filing.
Summary
- Bradley Radoff, a director of Harte Hanks Inc. (HHS), has increased his stake in the company.
- On August 13, 2024, he purchased 38,007 shares of common stock at a price of $7.2267 per share.
- On August 14, 2024, he acquired an additional 11,993 shares at $7.08 per share.
- On August 15, 2024, he bought 23,900 shares at $7.2922 per share.
- Following these transactions, Radoff directly owns 315,183 shares of Harte Hanks common stock.
- He also indirectly owns 20,000 shares through his IRA, 16,216 RSU shares granted on 8/17/2023 vesting on the first anniversary and 12,048 RSU shares granted on 5/23/2024 vesting on the first anniversary.
Sentiment
Score: 7
Explanation: Insider buying is generally viewed positively, suggesting confidence in the company's prospects. The director's increased stake could boost investor confidence.
Positives
- A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often monitored as an indicator of management's sentiment regarding the company's valuation and future performance relative to its peers.
Stakeholder Impact
- The increased stake by a director could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 08/17/2023 | Date of grant of 16,216 RSU shares that will vest 100% on the first anniversary of the grant date. |
| 05/23/2024 | Date of grant of 12,048 RSU shares that will vest 100% on the first anniversary of the grant date. |
| 08/13/2024 | Purchase of 38,007 shares of common stock at $7.2267 per share. |
| 08/14/2024 | Purchase of 11,993 shares of common stock at $7.08 per share. |
| 08/15/2024 | Purchase of 23,900 shares of common stock at $7.2922 per share. |
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