Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $2.52, for a total value of $25,200.00. Following the sale, the chief executive officer now directly owns 1,355,263 shares in the company, valued at $3,415,262.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Anand Vadapalli also recently made the following trade(s):

  • On Thursday, December 7th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.10, for a total value of $21,000.00.
  • On Thursday, November 30th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.10, for a total value of $21,000.00.

Shares of Alaska Communications Systems Group Inc (NASDAQ:ALSK) opened at $2.82 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a market capitalization of $146.85, a P/E ratio of 280.00 and a beta of -0.17. Alaska Communications Systems Group Inc has a 1-year low of $1.57 and a 1-year high of $2.83.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALSK. Gilder Gagnon Howe & Co. LLC acquired a new stake in Alaska Communications Systems Group during the third quarter valued at approximately $3,274,000. Dimensional Fund Advisors LP boosted its holdings in Alaska Communications Systems Group by 31.2% during the second quarter. Dimensional Fund Advisors LP now owns 942,355 shares of the utilities provider’s stock valued at $2,073,000 after purchasing an additional 224,004 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in Alaska Communications Systems Group by 51.3% during the second quarter. Kennedy Capital Management Inc. now owns 646,053 shares of the utilities provider’s stock valued at $1,421,000 after purchasing an additional 219,061 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Alaska Communications Systems Group in the 2nd quarter worth approximately $392,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Alaska Communications Systems Group in the 3rd quarter worth approximately $369,000. 44.53% of the stock is currently owned by institutional investors.

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About Alaska Communications Systems Group

Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.

Insider Buying and Selling by Quarter for Alaska Communications Systems Group (NASDAQ:ALSK)

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