Macquarie Infrastructure Corp. (MIC) CEO James Hooke (Insider Trades) bought 15,000 shares of the company on Feb. 3. The price per share was $74.15 for a total transaction of $1,112,250. Macquarie owns, operates and invests in companies that provide modern services and technologies such as bulk liquid storage in the U.S. and Canada, aircraft fuel and hangaring, gas-fired power facilities and also wind and solar power facilities and gas and renewable energy services. The company has a market cap of $6.48 billion.
Hooke purchased 21,830 shares in three transactions since 2014. His earliest insider buy of 2,830 shares at an average per share price of $66.50 increased in value by nearly 20% since the purchase in July 2014. There were no other insider transactions that year. In the following year, Hooke and Macquarie Director Martin Stanley (Insider Trades) each purchased 4,000 shares for $80 per share. Macquarie Infrastructure Management (Insider Trades) sold 1.9 million shares during the same year and sold a total of 4,793,500 shares from 2015 to date. For more information about insider trades with Macquarie, click here. Continue Reading »