Two outside directors of Coachmen Industries Inc. evidently support the company’s effort to diversify into modular buildings, as indicated by the fact they bought more Coachmen stock, according to the insiderSCORES.com news service.
Robert J. Deputy, president of Godfrey Marine, a leading manufacturer aluminum pontoon and fiberglass deckboats, bought 5,000 more shares of Coachmen stock at $8 a share on Nov. 2.
Additionally, Deputy bought 3,000 Coachmen shares on Sept. 27 at $10.44 a share, and 5,000 Coachmen shares on May 10 at $13.31 a share.
Deputy owns around 26,000 Coachmen shares now, based on the fact he owned 13,000 shares as of March 27, when Coachmen’s last annual meeting proxy statement was filed.
Meanwhile, William P. Johnson, chairman of Goshen Rubber Co., also bought 2,000 Coachmen shares on Aug. 31 at $10.87 a share, and 1,125 Coachmen shares on May 22 at $13.94 a share.
Johnson now owns around 19,440 shares of Coachmen stock, based upon his owning 16,315 Coachmen shares as of March 27.
Neither Deputy nor Johnson have sold any Coachmen shares since May.
Coachmen stock closed at $8.25 a share today (Nov. 22).
Coachmen Chairman Claire Skinner announced, during the company’s annual shareholders meeting on May 4, that she wanted to grow Coachmen’s modular buildings business at a faster pace until it equals the size of the firm’s RV business.
Since May, Coachman has completed or announced plans to buy three producers of modular buildings.