Global Power Equipment Group Inc (NASDAQ:GLPW) major shareholder Jeffrey L. Et Al Gendell bought 245,282 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average price of $2.47 per share, with a total value of $605,846.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Global Power Equipment Group Inc (GLPW) traded up 40.00% on Thursday, reaching $3.50. 222,390 shares of the company traded hands. The firm’s market capitalization is $62.22 million. The stock has a 50-day moving average price of $2.92 and a 200 day moving average price of $3.63. Global Power Equipment Group Inc has a 1-year low of $1.66 and a 1-year high of $5.40.
TRADEMARK VIOLATION NOTICE: This story was first published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.thestockobserver.com/2017/10/12/jeffrey-l-et-al-gendell-buys-245282-shares-of-global-power-equipment-group-inc-glpw-stock.html.
Global Power Equipment Group Company Profile
Global Power Equipment Group Inc is a design, engineering and manufacturing company providing an array of equipment and services to the global power infrastructure, energy and process industries. The Products segment includes two primary product categories: Mechanical Solutions, which designs, engineers and manufactures a portfolio of equipment for utility-scale natural gas turbines, and Electrical Solutions, which provides custom-configured electrical houses and generator enclosures for various industries.
Receive News & Ratings for Global Power Equipment Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Power Equipment Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.