Infrareit, Inc. (HIFR): Hunter Hunt , director 10% owner of Infrareit, Inc. sold 3,142,378 shares on Jul 11, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $0.00 per share for a total value of $0.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 11, 2016, Consolidated, Inc. Hunt (10% owner) sold 3,142,378 shares at $0.00 per share price.On Dec 9, 2015, John A. Gates (director) purchased 7,500 shares at $20.30 per share price.Also, On Dec 8, 2015, David A Campbell (CEO) purchased 5,000 shares at $20.54 per share price.On Dec 7, 2015, W Kirk Baker (director other) purchased 5,500 shares at $20.30 per share price.
Shares of InfraREIT Inc (HIFR) ended Friday, Jul 8, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.06% at $17.42 with 4,47,441 shares getting traded. Post opening the session at $17.49, the shares hit an intraday low of $17.17 and an intraday high of $17.56 and the price vacillated in this range throughout the day. The company has a market cap of $759 M and the number of outstanding shares has been calculated to be 4,35,75,727 shares. The 52-week high of InfraREIT Inc is $34.47 and the 52-week low is $13.61.
InfraREIT Inc. is an externally managed real estate investment trust (REIT). The Company owns rate-regulated electric transmission and distribution (T&D) assets such as power lines substations transmission towers distribution poles transformers and related property and assets in Texas. Its T&D assets are located throughout Texas including Panhandle Assets Stanton/Brady/Celeste Assets McAllen Assets Stanton Transmission Loop Assets and ERCOT Transmission Assets. The Company leases its T&D assets to Sharyland Utilities L.P. (Sharyland) an electric utility. The Company’s T&D assets are owned by its subsidiary Sharyland Distribution and Transmission Services L.L.C. (SDTS) and SDTS’s wholly owned subsidiaries Sharyland Projects L.L.C. (SPLLC) and SDTS FERC L.L.C. (SDTS FERC). The Company’s tenant Sharyland is a regulated utility and serves over 50000 electricity delivery points in 29 counties throughout Texas. The Company is externally managed by Hunt Manager.