Institutional ownership stands at approximately 80.7% of shares outstanding. Wedge Capital Management reduced its position by 13,583 shares during the second quarter, a 19.2% trim that left it holding 57,206 shares valued at roughly $4.2 million at quarter-end. Short interest as of July 31 was 4.97% of float, with days-to-cover at 4.5.
The Holmes sale is modest relative to his overall holdings and the company's market cap, and the 10b5-1 designation removes an element of discretionary signaling. Still, the filing adds to a pattern of director sales over recent months. Investors will watch whether additional Form 4 filings emerge and whether the stock can sustain its position above the $74 level as the next test of near-term sentiment.
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
