Essendant Inc (ESND) Files Form 4 Insider Selling : Eric A Blanchard Sells 4,000 Shares

Essendant Inc (ESND): Eric A Blanchard , Sr VP, Gen Counsel & Secretary of Essendant Inc sold 4,000 shares on Apr 15, 2016. The Insider selling transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were sold at $34.51 per share for a total value of $138,040.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 13, 2016, Eric A Blanchard (Sr VP, Gen Counsel & Secretary) sold 4,000 shares at $34.03 per share price.On Feb 22, 2016, Earl C Shanks (CFO) purchased 5,000 shares at $26.68 per share price.Also, On Aug 13, 2015, Timothy P Connolly (Chief Operating Officer) sold 3,500 shares at $36.00 per share price.

Essendant Inc: On Friday, Apr 15, 2016 heightened volatility was witnessed in Essendant Inc which led to swings in the share price. The shares opened for trading at $33.98 and hit $34.99 on the upside , eventually ending the session at $34.48, with a gain of 0.94% or 0.32 points. The heightened volatility saw the trading volume jump to 1,64,749 shares. The 52-week high of the share price is $43.11 and the company has a market cap of $1,286 M . The 52-week low of the share price is at $24.89.

Essendant Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Essendant Inc is Upgraded by KeyBanc Capital Mkts to Overweight. Earlier the firm had a rating of Sector Weight on the company shares. The Rating was issued on Apr 1, 2016.

Currently the company Insiders own 1.5% of Essendant Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 73.28%.Institutional Investors own 97.36% of Essendant Inc shares.During last six month period, the net percent change held by insiders has seen a change of 73.28%.

Essendant Inc. formerly United Stationers Inc. is a wholesale distributor of workplace essentials. The Company stocks an assortment of over 160000 products in categories including technology products traditional office products office furniture janitorial and breakroom supplies industrial supplies and automotive aftermarket tools and equipment. The Company sells its products through a national distribution network of around 77 distribution centers to over 30000 resellers who in turn sell directly to end consumers. The Company also has operations in Dubai United Arab Emirates (UAE). It offers private brand products within each of its product categories which include Innovera technology products Universal office products Windsoft paper products Boardwalk and UniSan janitorial and sanitation products Alera office furniture and Anchor Brand and Best Welds welding industrial safety and oil field pipeline products.

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