Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
Energy Capital Partners (WA:CPAP) acquired 60,000 shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) in two transactions on August 8 and August 11, 2025. The total value of the purchases was $731,970. The purchases come as the stock has declined over 10% in the past week, according to InvestingPro data, though the company maintains a 30-year track record of consistent dividend payments.
The shares were bought at prices ranging from $11.71 to $13.02. On August 8, 30,000 shares were purchased at a weighted-average price of $12.517, and on August 11, another 30,000 shares were bought at a weighted-average price of $11.882. These purchases were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 5, 2025. InvestingPro analysis indicates the company faces significant financial challenges, with a weak health score and substantial debt burden. Get access to 8 more key insights with InvestingPro.
Following these transactions, Energy Capital Partners now holds 3,251,550 shares of Shenandoah Telecommunications, representing a significant position in the company, which currently has a market capitalization of approximately $702 million.
In other recent news, Shenandoah Telecommunications Company reported its second-quarter 2025 earnings. The company achieved an earnings per share (EPS) of -$0.19, slightly surpassing the forecast of -$0.20. However, revenue came in at $88.6 million, falling short of the anticipated $90.52 million. In another development, Shenandoah Telecommunications announced a leadership change. Edward H. McKay, currently the Executive Vice President and Chief Operating Officer, will assume the roles of President and Chief Executive Officer starting September 1, 2025. Christopher E. French, the current CEO, will transition to Executive Chairman of the Board and continue to play a strategic role. These changes reflect ongoing developments within the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.