Owl Creek Asset Management, L. Purchases 9,309 Shares of pdvWireless, Inc. (PDVW) Stock

pdvWireless, Inc. (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. acquired 9,309 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $29.95 per share, for a total transaction of $278,804.55. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Owl Creek Asset Management, L. also recently made the following trade(s):

  • On Monday, November 13th, Owl Creek Asset Management, L. acquired 19,578 shares of pdvWireless stock. The shares were acquired at an average price of $29.61 per share, for a total transaction of $579,704.58.
  • On Friday, November 3rd, Owl Creek Asset Management, L. acquired 14,749 shares of pdvWireless stock. The shares were acquired at an average price of $29.26 per share, for a total transaction of $431,555.74.
  • On Tuesday, November 7th, Owl Creek Asset Management, L. acquired 25,257 shares of pdvWireless stock. The shares were acquired at an average price of $29.56 per share, for a total transaction of $746,596.92.

Shares of pdvWireless, Inc. (PDVW) opened at $31.15 on Wednesday. pdvWireless, Inc. has a 12 month low of $18.70 and a 12 month high of $33.75.

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Several equities analysts have recently weighed in on the company. ValuEngine cut pdvWireless from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. B. Riley restated a “buy” rating and issued a $59.00 target price on shares of pdvWireless in a research note on Thursday, October 5th. Zacks Investment Research cut pdvWireless from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, BidaskClub upgraded pdvWireless from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. lifted its stake in pdvWireless by 7.1% in the 1st quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock valued at $131,000 after acquiring an additional 398 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in pdvWireless in the 3rd quarter valued at approximately $212,000. State Board of Administration of Florida Retirement System bought a new stake in pdvWireless in the 3rd quarter valued at approximately $215,000. The Manufacturers Life Insurance Company lifted its stake in pdvWireless by 5.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after acquiring an additional 448 shares in the last quarter. Finally, Phoenix Investment Adviser LLC bought a new stake in pdvWireless in the 2nd quarter valued at approximately $287,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

pdvWireless Company Profile

pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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