Significant Transactions for Tuesday, May 23, 2017

The number of Form 4 filings recorded with the SEC today, was 607. This activity came from 601 insiders involving 266 companies. Of these individual transactions, 40 were filings that represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 15, and within these companies there were 28 individual insiders surpassing the high value threshold.

Within the S&P 500 index there were 108 individual filers from 52 companies reporting insider trades. This level of activity was much below the average for the month and noticeably lower than that of prior week. This activity included high value transactions representing $8,060,838 in market value, involved 3 individual filers from 3 companies, and came from discretionary sales of 121,235 shares.

Among the most significant insider transactions for the day:

Insider at OM Asset Management (OMAM) Makes Significant Sale of Stock

A SEC filing today indicated a substantial insider sale of OM Asset Management shares as — OM Group (UK) Ltd, 10% Owner — sold 22,300,000 shares in the company having a market value of approximately $324,465,000. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 11,681,711 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 33,981,711 shares and have averaged 4,247,714 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at OM Asset Management is greater than the 29-company peer group average. Investment Management peer group saw 30 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for OM Asset Management insiders was also higher. Within the peer group there were 97,971 shares purchased and 24,206,896 shares sold with company insiders having sold 803,631 shares on average. The data sourced 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.

Continued Level of Significant Insider Selling at Shake Shack (SHAK)

One Shake Shack insider Select Equity Group LP, 10% Owner and Director, today, disposed of 51,971 shares having a market value of approximately $1,959,951, as revealed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 438,297 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 490,268 shares and have averaged 81,711 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Shake Shack is greater than the 35-company peer group average. Restaurants & Bars peer group saw 52 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 1,224,488 shares purchased and 1,757,988 shares sold with company insiders selling 10,260 shares on average. The data sourced in creating 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 13 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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