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

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!