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 13, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $34.03 per share for a total value of $136,120.00 according the SEC Form 4 Filing.

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%.

Shares of Essendant Inc (ESND) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.15% at $33.4 with 1,59,470 shares getting traded. Post opening the session at $33.7, the shares hit an intraday low of $33.38 and an intraday high of $33.95 and the price vacillated in this range throughout the day. The company has a market cap of $1,245 M and the number of outstanding shares has been calculated to be 3,72,86,573 shares. The 52-week high of Essendant Inc is $43.11 and the 52-week low is $24.89.

Essendant Inc Money Flow Index Chart

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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