INSIDER BUYING: CEO Ellery Roberts Picks Up Shares Of Acquisition Holding Company 1847
NEW YORK, NY / ACCESSWIRE / March 8, 2024 / 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
When insiders - especially CEOs - buy shares of their company it signals executives have confidence in the business and/or believe the stock is undervalued. It's something investors pay close attention to. If insiders were selling shares rather than purchasing them, it could be a red flag that something is amiss.
Robert's move to buy shares comes as the company is enjoying success with some of the small businesses it acquires. 1847 targets small businesses with about
The IPO of 1847 Goedeker's in July 2020 is the type of exit the PE firm looks for with its portfolio companies. After it was purchased in April 2019 for
1847 is hoping to emulate that success again with 1847 Cabinets Inc., a designer, manufacturer and installer of cabinets, doors and millwork for residential construction. 1847 recently engaged Spartan Capital Securities, LLC., a U.S. investment bank, to explore a potential spin-off of 1847 Cabinets into a separate publicly traded company or other potential strategic transaction to capitalize on 1847 Cabinet's internal growth and favorable outlook for the business.
Learn more about how 1847 selects small businesses to invest in here.
Contact:
Ellery Roberts
eroberts@1847holdings.com
SOURCE: 1847 Holdings LLC
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