More Insider Selling at Strong Performing Ethanol Company, Plus 4 Other Notable Insider Transactions

Board Member of CDI Boosts Ownership Stake

A member of CDI Corp. (NYSE:CDI)’s Board of Directors also snapped up some shares of his company this week. Board member Albert E. Smith bought 8,000 shares on Tuesday at $5.40 apiece, boosting his overall holding to 69,271 shares.

The provider of engineering and technology solutions, and professional staffing services has seen the value of its shares plunge by 14% since the start of the year. CDI Corp. (NYSE:CDI) reported revenue of $226.69 million for the second quarter, marking a decrease of 8.2% year-over-year due to lower revenue from enterprise talent and engineering solutions. The company’s enterprise talent revenue fell due to reduced staffing at a large information technology client, as well as reduced UK staffing revenue, reduced Canadian pipeline staffing, and foreign currency headwinds. Just recently, CDI announced the sale of its UK-based subsidiary, CDI AndersElite Ltd., to the Anders management team and employees. Anders provides staffing and recruitment services to firms in the UK built environment and rail industries. Jim Simons’ Renaissance Technologies was the owner of 629,300 shares of CDI Corp. (NYSE:CDI) at the end of June.

Executive at Largest Title Insurance Provider Sells Shares

One member of FNF Group of Fidelity National Financial Inc. (NYSE:FNF)’s executive team has offloaded two blocks of shares in the past two weeks. Peter T. Sadowski, Executive Vice President and Chief Legal Officer, discarded 34,191 shares on Wednesday at prices ranging from $37.40 to $37.50 per share, as well after selling 15,809 shares last Thursday at prices that fell between $37.50 and $37.74 per share. Following these transactions, Mr. Sadowski currently owns a direct ownership stake of 65,715 shares.

The shares of the largest title insurance provider in the United States are 8% in the green thus far in 2016. FNF Group of Fidelity National Financial Inc. (NYSE:FNF) also stands as the majority owner of Black Knight Financial Services Inc. (NYSE:BKFS), a fast-growing provider of cloud-based tech software to the nation’s largest mortgage servicers. Bulls argue that FNF deserves a much higher valuation because of its majority stake in Black Knight, with analysts anticipating that the company will spin-off its remaining stake in Black Knight in 2017. Richard Barrera’s Roystone Capital Partners acquired a new stake of 2.24 million shares of FNF Group of Fidelity National Financial Inc. (NYSE:FNF) during the April-to-June quarter.

The final page of this article will discuss the fresh insider selling activity at two other companies.