Friday, September 17, 2010

Allied Nevada (NYSE:ANV) Sells 5,000 Shares of Company

The president and CEO of Allied Nevada Gold Corp. (NYSE:ANV), Scott Andrew, sold 5,00 shares he held in the company for an average price of $26.21. He sold the shares on September 15, 2010.

Interestingly, institutional investors have been plowing investment into the gold miner, increasing the amount of shares owned from 69,878,861 shares to 83,606,659 shares over the last three months. That's just under a 20 percent increase.

Altogether, institutions now own over 94 percent of the company.

Institutional investors in Allied Gold include Chuck Royce of Royce & Associates, Steven Cohen of SAC Capital Advisors, and George Soros of Soros Fund Management LLC.

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