EFSH - INSIDER BUYING: CEO Ellery Roberts Picks Up Shares Of Acquisition Holding Company 1847 | Benzinga
In a show of confidence 1847 Holdings LLC. (NYSE:EFSH) Chief Executive Ellery Roberts recently acquired shares of his company. 1847 is a publicly traded diversified acquisition holding company that invests in small businesses, grows them and either spins them out or folds them into its portfolio of holdings.
In a Securities and Exchange Commission filing the company disclosed Roberts purchased 154,364 shares on March 4 for $3.30 per share. Roberts had previously acquired 6,251 shares on January 30 at $1.353 per share. Following the share purchase this week, Roberts now owns 169,648 shares in 1847.
When insiders – especially CEOs – buy shares of their company it signals executives have confidence in the ...