Alcoa Inc. (AA) Registers Insider Buying after Kicking Off Q2 Earnings Season; Plus Insider Trading at Four Other Companies

Designer of Men’s Sportswear Witnesses Two Top-Tier Insiders Sell Shares

Perry Ellis International Inc. (NASDAQ:PERY) saw two of its most informed and influential insiders unload shares this past week. To start with, George Feldenkreis, Executive Chairman of the Board, discarded 20,000 shares on Thursday for $22.05 each, cutting his direct ownership stake to 1.67 million shares. More importantly, President and CEO Oscar Feldenkreis sold 25,000 shares on the same day at $21.97 apiece, all of which were held by the Oscar Feldenkreis Revocable Trust that currently owns 927,235 shares. The CEO also holds a direct ownership stake of 128,540 shares.

The shares of the designer and distributor of a broad line of men’s and women’s apparel, accessories and fragrances have gained 19% since the beginning of 2016. Perry Ellis International Inc. (NASDAQ:PERY)’s men’s sportswear and swim net sales for the three months that ended April 30 were $197.9 million, down 0.3% year-on-year. Meanwhile, the company’s women’s sportswear net sales fell by 16.2% year-on-year to $32.5 million, mainly due to the sale of its C&C California brand. Jim Simons’ Renaissance Technologies owned 340,900 shares of Perry Ellis International Inc. (NASDAQ:PERY) at the end of March.

Contracting Services Specialist Has Several Insiders Jettison Shares

Dycom Industries Inc. (NYSE:DY) had several insiders discard shares last week. Kimberly L. Dickens, Chief Human Resources Officer and Vice President, sold 1,661 shares on Wednesday at an average price of $95.87, cutting her stake to 5,439 shares. Ms. Dickens sold the shares to purchase a new primary residence, according to a SEC filing. Timothy R. Estes, Chief Operating Officer and Executive Vice President, discarded 10,000 shares on the next day at prices varying from $95.95 to $96.11 per share, trimming his ownership stake to 233,812 shares.

The provider of specialty contracting services throughout the U.S. and Canada has seen its market value jump by 35% since the beginning of the year. Earlier this month, Dycom Industries Inc. (NYSE:DY) completed the acquisition of certain telecom-related assets of Goodman Networks Incorporated for $107.5 million in cash. Those assets were used in the wireless network deployment and wireline businesses of Goodman. William Harnisch’s Peconic Partners LLC had 1.92 million shares of Dycom Industries Inc. (NYSE:DY) in its portfolio on March 31.

Disclosure: None