Significant Transactions for Wednesday, February 22, 2017

The SEC recorded 1,289 Form 4 filings today. These filings involved 1,257 insiders and represented 343 companies. Individual transactions totaling over $1 million in market value occurred in 150 of these filings. Companies with aggregate market value transactions of over $1 million numbered 24, and within these companies there were 53 individual insiders surpassing the high value threshold.

Within the S&P 500 index there were 409 individual filers from 85 companies reporting insider trades. This activity was very much beneath the average for the past month and much higher than that of previous week. Insiders with high value transactions numbered 9, who traded 1,890,738 shares, having a market value of approximately $252,296,093, involved 8 companies, and came from discretionary purchases of 750,000 shares and discretionary sales of 1,135,521 shares.

Among the most significant insider transactions for the day:

Significant Insider Buying of Arconic (ARNC) Shares Extends the Trend of Last 90 Days

There were substantial insider purchases of Arconic shares today, as shown in filings with the SEC as two insiders — Elliott Associates Lp, 10% Owner, and Elliott International Lp, 10% Owner — purchased 750,000 shares in the company having a net market value of approximately $22,841,550. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 4,300,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 5,050,000 shares and have averaged 1,262,500 shares per transaction over this time period.

Today’s Insider Activity
* Elliott Associates Lp, 10% Owner, bought 240,000 shares
* Elliott International Lp, 10% Owner, bought 510,000 shares

Insider Sale at Seacoast Banking of Florida (SBCF) Deemed Significant, Slowing 90 Buy Trend in Shares

There was a significant sale of shares of Seacoast Banking of Florida by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Robert Goldstein, 10% Owner — disposed of 6,210,000 shares in the company having a market value of approximately $138,172,500. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 46,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 6,163,500 shares and have averaged 782,063 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Seacoast Banking of Florida is above the 288-company peer group average. Banks peer group saw 485 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Seacoast Banking of Florida insiders was also higher. Within the peer group there were 3,382,293 shares purchased and 82,365,488 shares sold with company insiders having sold 162,852 shares on average. In order to focus on significant insider buying and selling activity, 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 has been eliminated data used to create and write this story.

Another 21 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 info@uptickdata.com.

Copyright 2017 UpTick Data Technologies. All rights reserved.
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