Fresh Insider Buying at Struggling ETF Specialist and Two Other Companies, Plus Noteworthy Insider Sales

Board Member of Interactive Intelligence Group Sells Shares After Merger Announcement

One member of Interactive Intelligence Group Inc. (NASDAQ:ININ)’s Board of Directors offloaded some shares this past week. Mark E. Hill, Director since 2004, offered 17,000 shares as a bona fide gift to the Central Indiana Community Foundation last Wednesday, as well as sold 30,000 shares last Thursday in 108 transactions at prices ranging from $60.25 to $60.39 per share. After the aforementioned transactions, Mr. Hill currently owns 94,064 shares.

At the end of August, Interactive Intelligence Group Inc. (NASDAQ:ININ), a provider of software and cloud services for customer engagement, communication and collaboration, agreed to be acquired by call-center software company Genesys for around $1.4 billion. The privately-held contact center company seeks to build up scale amid intensifying competition in the telecommunications software and equipment industry. Under the terms of the freshly-inked agreement, Interactive Intelligence Group shareholders are set to receive $60.50 per share in cash at closing. As the shares of Interactive Intelligence Group are up an impressive 91% year-to-date, the Board member’s decision to unload shares is far from surprising. Brian Bares’ Bares Capital Management had 2.86 million shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) in its portfolio at the end of June.

CFO of Infant and Juvenile Products Company Offloads Shares

A well-informed and influential member of Summer Infant Inc. (NASDAQ:SUMR)’s management team discarded some shares this week. William E. Mote Jr., Chief Financial Officer since November 2014, liquidated 3,000 shares for $2.10 each and 500 shares at $2.11 apiece on Monday, cutting his ownership to 33,500 shares.

As the premier infant and juvenile products company has lost 47% of its market value in the past two years, the CFO’s move might not suggest great prospects for the company ahead. Summer Infant Inc. (NASDAQ:SUMR)’s shares are down 8% year-to-date. The company reported net sales of $50.6 million for the three months that ended July 2, down from $51.8 million posted for the same period of the prior year. Summer Infant posted net income of $0.3 million for the three-month period that ended July 2, as compared to a net loss of $3.5 million reported last year. A mere two hedge funds followed by Insider Monkey were invested in Summer Infant at the end of the second quarter. Jim Simons’ Renaissance Technologies LLC reported ownership of 175,500 shares of Summer Infant Inc. (NASDAQ:SUMR) through the latest round of 13Fs.

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