Arkansas Best: Exec Insiders and Funds Buying Shares in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Arkansas Best Corporation (NASDAQ:ABFS).

SEC data indicate these insiders have bought Arkansas Best Corporation’s stock since 06/30/2011:

  • Mcreynolds Judy R: act as President & CEO. On 08/23/2011, bought 2,600 shares, worth $48,600.

SEC data indicate that these institutions significantly increased their stock shares of Arkansas Best Corporation in Q3 2011:

  • TRELLUS MANAGEMENT COMPANY, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 189,000 shares, worth $3,048,570.
  • PALISADES INVESTMENT PARTNERS, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 149,000 shares, worth $2,403,370.
  • ALLIANZ GLOBAL INVESTORS OF AMERICA L P: On 06/30/2011, held 0 shares. On 09/30/2011, held 121,700 shares, worth $1,963,021.
  • EAGLE BOSTON INVESTMENT MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 105,480 shares, worth $1,701,392.
  • EATON VANCE MANAGEMENT: On 06/30/2011, held 0 shares. On 09/30/2011, held 100,273 shares, worth $1,617,403.

About the company: Arkansas Best Corporation is a diversified holding company involved in motor carrier transportation and intermodal transportation operations. The Company transports a variety of goods around the world.

Competitors to Watch: YRC Worldwide Inc. (NASDAQ:YRCW), Saia Inc. (NASDAQ:SAIA), Con-way Inc. (NYSE:CNW), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Roadrunner Transportation Services Hold. (NYSE:RRTS), Old Dominion Freight Line (NASDAQ:ODFL), USA Truck, Inc. (NASDAQ:USAK) and Celadon Group, Inc. (NYSE:CGI).

(Note: Data regarding Arkansas Best Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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