Brink’s Co. (BCO)
Brink’s chief executive Thomas Schievelbein wrote a letter to Shamrock Holdings, an investment fund and Brink’s shareholder that last week in a press release called for the company to pursue putting itself up for sale. His letter stated that Shamrock has yet to disclose its level of ownership in Brink’s. Schievelbein’s response said there were a number of inaccuracies in Shamrock’s press release including statements about its stock performance during the last five years and its earnings per share during the first nine months of the year. He concluded the letter saying, “Brink’s is confident that the right strategic plan and team are in place to improve near-term results and achieve sustainable shareholder value creation. Accordingly, the Board, after recently completing a regular strategic planning session, believes that exploration of strategic alternatives at this time is not in the best interests of shareholders and that it is not an appropriate time to sell the Company.”
Read the full response here.
C&F Financial (CFFI)
J.P. Causey Jr., a director, sold 1,000 shares at $38.40 per share or $38,400. He still owns more than 38,000 shares.
Chairman, President and CEO Larry Dillon exercised options for 1,500 shares at $22.75 per share or a total of $34,125. He now owns nearly 50,000 shares of C&F stock.
CarMax (KMX)
Natalie Wyatt, the company’s principal accounting officer, exercised options for 9,030 shares at a total price of $213,000. She then sold those shares at market price for $34.40 each or a total of $310,000.
Richard Smith, the company’s chief information officer, exercised options for 70,000 shares at $24.99 each or a total of $1.74 million. He then sold the shares at $34.06 per share or $2.38 million.
William Nash, an executive vice president, exercised options for 15,272 shares at $24.99 per share or $381,000. He then sold 13,736 shares at market price for $34.50 per share for a total of $473,000.
Markel (MKL)
The specialty insurer continued its unloading of shares of Union First Market Bank. It sold 29,391 shares at $15.50 per share for a total of $455,000. Earlier in the month Markel sold 60,222 of its Union shares for approximately $942,000. Markel took a stake in Union when it was formed through the merger of the former Union Bank and First Market Bank. It still owns more than 3.4 million shares of the bank’s stock.
Union First Market Bankshares (UBSH)
Ronald Hicks, a director, bought 1,000 shares at $14.85 per share. He bought another 2,000 shares at $14.72. He owns more than 83,000 shares.
Brink’s Co. (BCO)
Brink’s chief executive Thomas Schievelbein wrote a letter to Shamrock Holdings, an investment fund and Brink’s shareholder that last week in a press release called for the company to pursue putting itself up for sale. His letter stated that Shamrock has yet to disclose its level of ownership in Brink’s. Schievelbein’s response said there were a number of inaccuracies in Shamrock’s press release including statements about its stock performance during the last five years and its earnings per share during the first nine months of the year. He concluded the letter saying, “Brink’s is confident that the right strategic plan and team are in place to improve near-term results and achieve sustainable shareholder value creation. Accordingly, the Board, after recently completing a regular strategic planning session, believes that exploration of strategic alternatives at this time is not in the best interests of shareholders and that it is not an appropriate time to sell the Company.”
Read the full response here.
C&F Financial (CFFI)
J.P. Causey Jr., a director, sold 1,000 shares at $38.40 per share or $38,400. He still owns more than 38,000 shares.
Chairman, President and CEO Larry Dillon exercised options for 1,500 shares at $22.75 per share or a total of $34,125. He now owns nearly 50,000 shares of C&F stock.
CarMax (KMX)
Natalie Wyatt, the company’s principal accounting officer, exercised options for 9,030 shares at a total price of $213,000. She then sold those shares at market price for $34.40 each or a total of $310,000.
Richard Smith, the company’s chief information officer, exercised options for 70,000 shares at $24.99 each or a total of $1.74 million. He then sold the shares at $34.06 per share or $2.38 million.
William Nash, an executive vice president, exercised options for 15,272 shares at $24.99 per share or $381,000. He then sold 13,736 shares at market price for $34.50 per share for a total of $473,000.
Markel (MKL)
The specialty insurer continued its unloading of shares of Union First Market Bank. It sold 29,391 shares at $15.50 per share for a total of $455,000. Earlier in the month Markel sold 60,222 of its Union shares for approximately $942,000. Markel took a stake in Union when it was formed through the merger of the former Union Bank and First Market Bank. It still owns more than 3.4 million shares of the bank’s stock.
Union First Market Bankshares (UBSH)
Ronald Hicks, a director, bought 1,000 shares at $14.85 per share. He bought another 2,000 shares at $14.72. He owns more than 83,000 shares.