Insider Trading: Thomas E. Claugus’ GMT Capital Bought More $ENTG

Thomas E. Claugus’ GMT Capital bought 111,900 shares in Entegris Inc. (ENTG) on October 24th. GMT Capital is ENTG’s largest insider and stakeholder. According to the 13G filing, after GMT Capital made the insider purchase of 111,900 shares at about $8.20 on October 24th, the firm had 13.88 million ENTG shares in its position, corresponding to a 10.3% passive stake ownership. In the second quarter, GMT Capital reported 11.48 million shares in ENTG. ENTG has returned 10% year to date. On October 26th, the stock is closed at $8.56.

Per Insider Monkey’s hedge fund tracking list, eleven hedge funds had ENTG in their portfolios in the second quarter, and GMT Capital took the largest portion. Richard Chilton’s Chilton Investment Company had 8.51 million shares. These two had a bigger stake in ENTG than did the remaining nine hedge funds combined in the second quarter.

GMT Capital is a private investment company, targeting long-term absolute returns in Basic Materials, Technology, Services, Financial, Consumer Goods and some other sectors. The company had a 13F portfolio of $4.4 billion in the second quarter. Mr. Thomas E. Claugus is the Founder and President at GMT Capital. Before he found GMT Capital in 1990, he acted as a manager for Europe of the polymers division of Rohm and Haas.

Entegris, Inc. is a global developer, manufacturer and supplier. The company specializes in products and materials used in processing and manufacturing in the semiconductor and other high-technology industries. The company operates three segments: contamination control solutions segment, microenvironments segment, and its specialty materials segment. In October 2011, the company opened a new manufacturing and research facility in Hsinchu City, Taiwan. The company was founded in 1966 and is based in Billerica, Massachusetts.