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Shenandoah Telecommunications: ECP ControlCo, LLC and ECP Fiber Holdings GP, LLC make significant purchases.
ByAinvest
Thursday, Jul 17, 2025 4:37 pm ET1min read
Shenandoah Telecommunications Company of Virginia has disclosed that ECP ControlCo, LLC, a 10% owner, acquired 28,952 shares at $14.69 per share on July 15, 2025, and 22,402 shares at $14.59 per share on July 16, 2025. Furthermore, ECP Fiber Holdings GP, LLC, also a 10% owner, purchased 28,952 shares at $14.69 per share on July 15, 2025, and 22,402 shares at $14.59 per share on July 16, 2025.
Shenandoah Telecommunications Company (SHEN), based in Virginia, has seen significant insider activity with its shares. On July 15, 2025, ECP ControlCo, LLC, a 10% owner, acquired 28,952 shares at $14.69 per share. The following day, July 16, 2025, ECP ControlCo purchased an additional 22,402 shares at $14.59 per share. Similarly, ECP Fiber Holdings GP, LLC, also a 10% owner, bought 28,952 shares at $14.69 per share on July 15, 2025, and an additional 22,402 shares at $14.59 per share on July 16, 2025 [1].These acquisitions suggest a positive outlook on the part of the insiders, who are investing in the company's future. The purchases were made at prices ranging from $14.59 to $14.69 per share, indicating a relatively stable stock price during this period. The total investment by ECP ControlCo and ECP Fiber Holdings GP amounts to 51,304 shares on July 15 and 44,824 shares on July 16, demonstrating a substantial commitment to SHEN.
The insider trading activity coincides with Glo Fiber's recent expansion announcement to York County, Pennsylvania, which could be seen as a strategic move to enhance the company's broadband services and market presence. This expansion aims to bring high-speed internet services with symmetrical speeds up to 5 Gbps to over 2,000 additional homes and businesses, adding to the existing 27,000 locations in York County [1].
The expansion is expected to be completed by 2026, and it is anticipated to strengthen the local economy by attracting new business investments and supporting the growth of existing enterprises. The company's reputation for superior local customer service reinforces its commitment to positively impacting the communities it serves [1].
References:
[1] https://www.nasdaq.com/articles/glo-fiber-expands-fiber-home-services-york-county-communities-pennsylvania
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