Insiders Reduce Their Stakes In Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA), CIBER, Inc. (CBR), and Southside Bancshares, Inc. (SBSI)

Moving on, Colorado-based IT services company CIBER, Inc. (NYSE:CBR), saw its Senior Vice President and General Counsel, Michael Sean Radcliffe, disposing of 9,000 shares on September 8 at an average price of $3.33 apiece and bringing his total holding to 16,538 shares. CIBER, Inc. (NYSE:CBR)’s stock has been on a downward journey since the beginning of April and is currently trading down by 9.5% year-to-date. However, Noble Financial is bullish on CIBER, Inc. (NYSE:CBR) and on August 12, they upgraded the stock to ‘Buy’ from ‘Hold’. Jim Simons‘ Renaissance Technologies was one of the hedge funds that increased its stake in the company (by 60%) during the April-June period to 281,200 shares.

Finally, Chairman Emeritus and Independent Director, B G Hartley, of the bank holding company for Southside Bank, Southside Bancshares, Inc. (NASDAQ:SBSI)  unloaded 31,333 shares on September 8, at $26.28 per unit. Accounting for this transaction, Mr. Hartley now owns 136,481 shares of Southside Bancshares, Inc. (NASDAQ:SBSI) directly and 5,242 shares indirectly. On August 6, the company declared a quarterly dividend of $0.23 per share, which thanks to the nearly 10% year-to-date drop of the Southside Bancshares, Inc. (NASDAQ:SBSI)’s stock, represents an annual dividend yield of almost 3.5%. Hedge funds that initiated a stake in the company during the second quarter included Dmitry Balyasny‘s Balyasny Asset Management, which as of June 30, held 67,246 shares of Southside Bancshares, Inc. (NASDAQ:SBSI).

Disclosure: None