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Insider Trading: Glenn J. Krevlin’s Glenhill Advisors Sold $ROIC

Glenn J. Krevlin’s Glenhill Advisors filed Form 4 on October 31st for its insider sales of 20,000 shares in Retail Opportunity Investments Corp (ROIC). According to the filing, Glenhill Advisors sold the shares at $11.23 on average, and now retains 2,305,000 common shares in ROIC in its position. Glenhill Advisors reported 2,325,000 common shares and 2,600,000 warrants in ROIC in its last 13F filing. Now the firm had approximately 11% passive stake in ROIC.

Glenn Krevlin

According to Insider Monkey’s hedge fund database, ten hedge funds owned ROIC in the second quarter. Jeffrey Tannenbaum’s Fir Tree had 7.5 million shares or 16.78 stake, and ranked as ROIC’s No.1 hedge fund stakeholder. Glenn J. Krevlin’s Glenhill Advisors took the second place with its 4.93 million shares, or 11.02% stake. Israel Englander’s Millennium Management had 1.25 million shares, giving a 2.80% stake

Glenn J. Krevlin’s Glenhill Advisors have a portfolio value of more than $1 billion, with most of the capital invested in Services, Consumer Goods, Financial, Technology, Industrial Goods and Basic Materials sector.

Retail Opportunity Investments Corp. is a fully integrated and self-managed real estate investment trust (REIT). The company operates the shopping centers segment and the real estate finance segment. It mainly invests in a diverse portfolio of shopping centers. The company was formerly known as NRDC Acquisition Corp before October 2009. The company was found in 2007 and is based in New York.

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