Insider Trading: Geoffrey Raynor’s Q Investments Sold 64 Thousand Shares In Cedar Fair

Geoffrey Raynor’s Q Investments (Scepter Holdings) revealed its insider transactions in Cedar Fair L P (FUN) on December 19th. The filing shows Geoffrey Raynor through Q Funding III, Amalgamated Gadget, Acme Energized and his person account sold totally 64 thousand shares in the stock from December 15 to 19. The average price is about $21.90 per share. This is another small insider sale made by Geoffrey Raynor in his FUN position. Previously he sold 532 thousand shares at $21.75 on December 5th. Q Investments reported 10.02 million shares or 18.1% activist stake in FUN on December 1st.

Cedar Fair, L.P. (NYSE:FUN)

There are other hedge funds which invested in the stock in the third quarter. Remy Trafelet’s Trafelet Capital reported 1.59 million shares in FUN, after a 6% increase in its position. Jon Bauer’s Contrarian Capital decrease its position by 32% and had 642 thousand shares in the stock.

According to Q Investments’ official profile, Q Investments, L.P. was founded in 1994. It is “a private investment firm based in Fort Worth, Texas with flexible capital that looks for opportunities across the entire capital structure. As of June 2011, Q manages over $2.2 billion in equity capital for a select number of individuals and prestigious institutions and has a successful track record in numerous areas including public market investing, high yield, distressed debt, emerging markets, aviation leasing, venture capital, and private equity.”

Per Yahoo! Finance, Cedar Fair, L.P. “owns and operates amusement and water parks in the United States and Canada. It operates 11 amusement parks.” The company also owns and operates the Castaway Bay Indoor Waterpark Resort, six separately gated outdoor water parks, and five hotels. The company was “founded in 1983 and is based in Sandusky, Ohio.”

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

Insider Monkey beat the market by 30 percentage points in 13 months Learn how!

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!