David A. Lorber Boosts His Stake at Ferro Corporation (FOE)

David A. Lorber, one of the managers of the Frontfour Capital Group, has significantly increased its position in Ferro Corporation (NYSE:FOE), after acquiring around 1.22 million shares. The securities have been bought at a price of $13.27 apiece and following the acquisition Mr. Lorber holds some 5.31 million shares. The securities have been acquired under the Deferred Compensation Plan for Non-Employee Directors.

Ferro Corporation (NYSE:FOE)

Ferro Corporation (NYSE:FOE) is engaged in production of specialty chemicals that are acquired by manufacturers, which use them for products delivered for different end-use markets. The company reported an EPS of $0.14 per share for the third quarter of 2013, while for the end of the year, analysts expect the company to post earnings of $0.07 per share. The average rating for the stock is “hold” and the price is at around $13.30 per share, slightly above the current share price.

Frontfour Capital Group, in its latest 13F disclosed holding around 2.38 million shares of Ferro Corporation (NYSE:FOE). Aside from it, Gamco Investors, managed by Mario Gabelli reported the largest stake out of the funds we track, which amasses 8.57 million shares. In addition, Don Morgan’s Brigade Capital, at the end of September, held 3.70 million shares of the company, among several other funds.

A couple of days ago, David Lorber also disclosed receiving some 1,130 shares of Gencorp Inc (NYSE:GY), where he is also a director. The securities have been received  under the Director Compensation Program which allows directors to receive GenCorp common stock in lieu of their cash compensation. Following the addition of shares, Mr. Lorber directly holds in aggregate approximately 208,600 units of common stock.

Aside from Ferro Corp and Gencorp, Mr. Lorber also holds a significant position in Zoltek Companies, Inc. (NASDAQ:ZOLT), and is a director on the board of Fisher Communications, Inc. (NASDAQ:FSCI).

Disclosure: none

Recommended Reading:

Shah Capital Management Buys 1.0 Mln Shares of UTStarcom Holdings Corp (UTSI)

Hedge Fund Highlights: Michael Platt, Steven Cohen & Ken Fisher

Senator Investment Group Takes a Massive Stake in Trade Street Residential Inc (TSRE)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!