Insider trading activity recorded with the SEC today revealed 820 Form 4 filings. This activity came from 804 insiders involving 308 companies. Individual filings where there was more than $1 million in market value represented, occurred in 77 filings. There were 34 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 80 individual insiders with transactions that were greater than $1 million.
Within the S&P 500 index there were 62 companies reporting insider trades which included 181 individuals. This level of activity was markedly beneath the average for the 30 days and near that of previous 5 days. This activity represented high value transactions having approximately $44,346,504 in market value, reflected 23 individual filers from 13 companies, and came from discretionary purchases of 140,000 shares and discretionary sales of 326,875 shares.
Among the most significant insider transactions for the day:
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Fiesta Restaurant Group (FRGI)
There was a significant insider purchase in Fiesta Restaurant Group shares today as disclosed in a filing with the SEC. One insider — Brian P Friedman, Director — bought 347,000 shares in the company having a net market value of approximately $7,223,756. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 660,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,007,000 shares and have averaged 503,500 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Fiesta Restaurant Group is above the 35-company peer group average. Restaurants & Bars peer group saw 25 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Fiesta Restaurant Group insiders was also higher. Within the peer group there were 700,655 shares purchased and 1,584,655 shares sold with company insiders selling 35,360 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 33 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.