Harbinger Capital Disposes Shares of Harbinger Group Inc (HRG)

Phil Falcone’s Harbinger Capital Partners has sold around 2.72 million shares of Harbinger Group Inc (NYSE:HRG), a recent SEC filing showed. The fund reported that the transaction happened in 18th of February, 2014. Harbinger Capital Partners sold Harbinger Group Inc (NYSE:HRG) shares at $6.5 apiece. Harbinger Capital Partners owns 73.8 million shares of Harbinger Group Inc (NYSE:HRG) following the sale.

HARBINGER

The transaction price of $6.5 per share represents an option price of shares since the closing price of the Harbinger Group Inc (NYSE:HRG) shares was $11.46 per share on the date of the deal.  

While Harbinger is the largest shareholder of Harbinger Group, Leon Cooperman’s Omega Advisors owns 6.5 million shares of the company. The fund’s position represents the second largest chunk of shares. JHL Capital Group, managed by James H. Litinsky, owns 1.48 million shares, with a reported value of $17.5 million. Harbinger Group Inc (NYSE:HRG) had no insider purchases since 2009. However, the company insiders sold 29.5 million shares in 2013 at an average price of $9.46 per share.

Harbinger Capital Partners was founded in 2001 by the billionaire investor Philip Falcone. The fund invests heavily in consumer goods and conglomerates. The fund’s top holdings include Harbinger Group Inc (NYSE:HRG), Spectrum Brands Holdings, Inc. (NYSE:SPB), and North American Energy Partners Inc. (NYSE:NOA).

Harbinger Group Inc (NYSE:HRG) is a holding company and its subsidiaries provide consumer goods and financial services. The company offers batteries, herbicides, insecticides, pet supplies, electric shavers, grooming products, small appliances, personal care products, and financial services. The company was founded in 1954 and is headquartered in New York, New York.

Disclosure: none

Recommended Reading:

Richard Blum’s Latest 13F Shows Strong Focus on Services

Broadfin Capital Initiates Stake in Eleven Biotherapeutics (EBIO) Following Its IPO

Hedge Fund News: Thomas Steyer, David Einhorn & Carl Icahn

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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!