Well-Known Vehicle Rental Operator and GPU Specialist See Insiders Offloading Shares, Plus Other Noteworthy Insider Transactions

Board Member of Wisconsin-based Savings Bank Purchases Shares

One member of Westbury Bancorp Inc. (NASDAQ:WBB)’s boardroom also snapped up a relatively sizable chunk of shares last week, the most voluminous insider purchase at the company this year. Board member David G. Jorgensen filed Monday to disclose the purchase of 10,000 shares at prices varying from $19.39 to $19.50 per share, all of which are held by DLJ Investments LLC. Mr. Jorgensen serves as managing member of the LLC along with his spouse. The Board member holds a direct ownership stake of 2,216 shares, as well as owns 16,7000 shares indirectly through DLJ Investments.

The savings and loan holding company for Westbury Bank, a federally-chartered savings bank headquartered in Wisconsin, has seen the value of its shares gain 7% since the beginning of the year. Westbury Bancorp Inc. (NASDAQ:WBB) posted net income of $2.8 million for the nine months that ended June 30, up from $1.0 million reported for the same period of the prior year. There were a mere two hedge funds followed by Insider Monkey with long positions in the savings and loan holding company at the end of June, amassing 4% of the company’s total number of outstanding shares. Neil Chriss’ Hutchin Hill Capital reported ownership of 50,000 shares of Westbury Bancorp Inc. (NASDAQ:WBB) in its 13F for the second quarter.

Executive Chairman at Well-Known Vehicle Rental Operator Sells Shares

A well-informed corporate insider at Avis Budget Group Inc. (NASDAQ:CAR) discarded a sizeable block of shares in the past several trading sessions. Ronald L. Nelson, Executive Chairman of the Board of Avis Budget Group, liquidated 625 shares on Friday and 49,375 shares on Monday at a price tag of $38.00 each, cutting his direct ownership stake to 844,574 shares. Mr. Nelson also holds an indirect ownership stake of 15,472 shares, held via a family trust.

The leading vehicle rental operator in North America, Europe, Australia, New Zealand and other regions recently replaced Questar Corp. in the S&P MidCap 400 Index, which might result in increased demand for its shares as mutual funds and other institutions will most likely have to buy shares of Avis Budget as part of their mandate. In mid-September, Avis Budget Group Inc. (NASDAQ:CAR), the operator of three of the most recognized brands in the global vehicle rental and car sharing industry: Avis, Budget and Zipcar, agreed to purchase a France-based privately-held vehicle rental company called France Cars. The move was part of the company’s expansion plans in the French market. Shares of Avis Budget are up 3% year-to-date. Seth Klarman’s Baupost Group added a 1.79 million-share position in Avis Budget Group Inc. (NASDAQ:CAR) to its portfolio during the second quarter.

The final page of the article will discuss fresh insider selling registered at two other companies.