Executive at Media and Entertainment Company Sells Stock after Share Price Surges, Plus Other Interesting Insider Transactions

Chairman of Ultralife’s Board Boosts Ownership Stake

An important member of Ultralife Corp. (NASDAQ:ULBI)’s boardroom also bought shares at the beginning of the week. Bradford T. Whitmore, Chairman of the company’s Board of Directors, snapped up 42,569 shares on Monday at prices varying from $5.10 to $5.20 per share and 6,069 shares on Tuesday at $5.45 apiece. These transactions lifted Mr. Whitmore’s direct ownership stake to 375,968 shares. The Chairman is also an indirect beneficial owner of 4.45 million shares, held by Sunray I LLC.

The provider of products and services ranging from power solutions to communications and electronics systems has seen the value of its shares advance by a mere 3% in the past 12 months. The transactions mentioned above come shortly after Ultralife Corp. (NASDAQ:ULBI) released its financial results for the entire 2016, which featured operating income of $3.8 million on revenue of $82.5 million. This compares with operating income of $3.3 million on revenue of $76.4 million reported for 2015. Ultralife’s management plans to expand further beyond its core U.S. government/defense business by investing in market and sales reach expansion and new product development. Jim Simons’ Renaissance Technologies LLC held 125,400 shares of Ultralife Corp. (NASDAQ:ULBI) at the end of 2016.

Board Members at Struggling Multi-Channel Retailer Buy Shares

Two members of Lands’ End Inc. (NASDAQ:LE)’s Board of Directors added shares to their existing ownership stakes earlier this week. To begin with, Lands’ End Chairman Josephine Linden snatched up 10,804 shares on Monday and 3,700 shares on Tuesday at prices that fell between $16.65 and $17.65 per share. Ms. Linden currently owns an aggregate of 27,504 shares following these purchases. Board member John T. McClain bought 754 shares on Monday at $17.17 apiece, shares held in his defined benefit plan. Mr. McClain also holds a direct ownership stake of a mere 100 shares.

The multi-channel retailer of clothing, accessories and footwear has seen its market cap drop by 21% in the past year. In mid-December, Lands’ End Inc. (NASDAQ:LE) named Jerome Griffith, most recently the man in charge of high-end luggage market Tumi Holdings, as New CEO. The change in the corner office came a few months after former Dolce & Gabbana and Ferrari executive Federica Marchionni stepped down from her role as CEO after less than two years on the job. The company’s sales had embarked on a downtrend prior to Ms. Marchionni becoming CEO, with the top-line figure falling for seven consecutive quarters under her leadership. The company’s net revenue for the fourth quarter that ended January 27 is anticipated to fall by 3% year-on-year from $473.5 million in the fourth quarter of fiscal 2015. Mario Gabelli’s GAMCO Investors owns 27,700 shares of Lands’ End Inc. (NASDAQ:LE) as of December 31.

Let’s head to the final page of the article, where we discuss fresh insider selling at two other companies.