There has been some selling insider activity on Vicor Corporation (NASDAQ:vicr) recently. Estia J. Eichten, Director reported the sale of 4,000 shares. The shares were sold on June 9th for an average price of $20.50. Eichten now owns $6,582,120 of the stock per the Form 4 SEC filing. Jason Carlson, Director disclosed the sale of 11,927 shares of VICR stock. The shares sold for $20.21. The Director now owns $0 of the stock according to the SEC filing.
Director Barry Kelleher sold 6,656 shares at a price of $19.67 on Tue the 6th. Kelleher now owns $44,395 of stock per an SEC filing yesterday.
Vicor Corporation, launched on November 10, 1981, designs, develops, manufactures and markets modular power components and power systems for converting, regulating and controlling electric current. The Business’s segments include Brick Business Unit (BBU), VI Chip and Picor. The BBU segment designs, develops, manufactures and markets modular direct current-direct current (DC-DC) converters and configurable products, and also includes the entities comprising Vicor Custom Power, and the BBU operations of Vicor Japan Company, Ltd. (VJCL). The VI Chip segment includes VI Chip Corporation, which designs, develops, manufactures and markets advanced power component products. The VI Chip segment also includes the VI Chip business conducted through VJCL. The Picor segment includes Picor Corporation (Picor), which designs, develops, manufactures and markets integrated circuits and related products for use in a range of power management and power system applications. Picor develops these products for use in the Business’s BBU and VI Chip modules, to be sold as complements to its BBU and VI Chip products, or for sale to third parties for separate (stand-alone) applications..
Here are a few other firms who have also updated their positions. Goldman Sachs Group Inc reduced its stake by selling 10,569 shares a decrease of 24.4%. Goldman Sachs Group Inc controls 32,827 shares valued at $529,000. The value of the position overall is down by 19.2%. Ironwood Investment Management LLC cut its ownership by shedding 2,948 shares a decrease of 6.1% from 12/31/2016 to 03/31/2017. Ironwood Investment Management LLC currently owns 45,105 shares with a value of $726,000. The total value of its holdings decreased 0.0%.
State Street Corp expanded its investment by buying 15,805 shares an increase of 4.1% in the quarter. State Street Corp owns 403,157 shares worth $6,490,000. The value of the position overall is up by 10.9%. As of the end of the quarter Manatuck Hill Partners, LLC had acquired 65,000 shares growing its stake by 86.7%. The value of the total investment in Vicor Corporation went from $1,133,000 to $2,254,000 increasing 98.9% since the last quarter.
In the market the company is trading up since yesterday’s close of $20.3. The stock is trading at $20.35 a tad above the 50 day moving average of $17.90 and which is slightly above the 200 day moving average of $16.10. The 50 day moving average went up $2.33 or +13.003% and the 200 day average moved up $4.12.
Investors are a little more bearish on the company as indicated by the uptick in short interest. The stock realized a rise in short interest between May 15, 2017 and April 28, 2017 of 2.81%. Short interest increased 9,266 over that period. The days to cover increased to 11.5 and the percentage of shorted shares was 0.01% on April 28.