Form 4 insider trading reports recorded with the SEC today disclosed 475 filings. These filings represented 466 insiders and reflected 168 companies. Within this insider activity were 25 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 4, and within these companies there were 5 individual insiders surpassing the high value threshold.
There were 137 companies in the Russell 3000 index representing 389 individuals reporting insider activity. This activity was substantially below the average for the month and substantially beneath that of last week. This activity reflected high value transactions with approximately $9,852,589 in market value, included 4 individual filers from 3 companies, and came from discretionary purchases of 232,616 shares and discretionary sales of 151,000 shares.
Among the most significant insider transactions for the day:
Significant Insider Selling Continues at GeoPark Holdings (GPRK)
A filing with the SEC today disclosed a significant insider sale of GeoPark Holdings shares as — Manchester Financial Group Lp, 10% Owner — sold 2,000,000 shares in the company having a market value of approximately $9,120,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,890,547 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 4,890,547 shares and have averaged 2,445,274 shares per transaction over this time period. Relative to its peers over the last 90 days, insider buy/sell trading at GeoPark Holdings is higher than the 152-company peer group average. Oil & Gas Exploration and Production peer group saw 130 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for GeoPark Holdings insiders was also higher. Within the peer group there were 6,494,325 shares purchased and 25,457,753 shares sold with company insiders selling 145,873 shares on average. The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Another 3 companies had significant insider transactions based on UpTick Data Technologies’ analysis. Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends. For more information, contact UpTick at firstname.lastname@example.org.