Altra Industrial Motion Corp. (AIMC): Carl R Christenson , Chief Executive Officer of Altra Industrial Motion Corp. sold 30,000 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $27.33 per share for a total value of $820,365.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Carl R Christenson (Chief Executive Officer) sold 30,000 shares at $28.26 per share price.On May 5, 2016, Glenn E. Deegan (VP and General Counsel) sold 3,000 shares at $28.39 per share price.Also, On May 3, 2016, Gerald P Ferris (V.P. Global Sales) sold 1,314 shares at $30.00 per share price.On Mar 9, 2016, Lyle G. Ganske (director) sold 8,000 shares at $25.44 per share price.
Shares of Altra Industrial Motion Corp (AIMC) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.07% at $27.12 with 1,40,770 shares getting traded. Post opening the session at $27.1, the shares hit an intraday low of $26.845 and an intraday high of $27.48 and the price vacillated in this range throughout the day. The company has a market cap of $704 M and the number of outstanding shares has been calculated to be 2,59,69,876 shares. The 52-week high of Altra Industrial Motion Corp is $30 and the 52-week low is $20.55.
On Apr 28, 2016, Altra Industrial Motion Corp announced a cash dividend of $0.1500. The company’s management has announced Jun 15, 2016 as the ex-dividend date and fixed the record date on Jun 17, 2016. The payable date has been fixed on Jul 5, 2016.
Altra Industrial Motion Corp. is a global designer producer and marketer of a range of mechanical power transmission components. The Company’s product portfolio includes clutches and brakes couplings and gearing and power transmission components. It operates in three segments: couplings clutches and brakes and gearing and power transmission components. The Company’s various coupling products include gear couplings diaphragm and disc couplings elastomeric couplings miniature and precision couplings as well as universal joints mill spindles and shaft locking devices. Its clutches and brakes products include electromagnetic clutch and brakes overrunning clutches and heavy duty clutches and brakes. Its gearing and power transmission components include gears bearing assemblies and belted drives. The Company offers its products under various brand names such as Ameridrives Ameridrives Power Transmission Bibby Warner Electric Inertia Dynamics and Matrix among others.