Tuesday, August 01, 2017 10:15 PM ET
Insider at SEI Investments (SEIC) Makes Significant Sale of Stock
One SEI Investments insider N Jeffrey Klauder, Officer, today, sold 30,000 shares having a market value of approximately $1,690,500, as disclosed 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 sale of 187,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 217,500 shares and have averaged 36,250 shares per transaction over this time period.
Insiders at SEI Investments have a higher number of buy/sell trades than the 8-peer company average over the last 90-day period. The Wealth Management peer group saw 9 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for SEI Investments insiders was also higher. Within the peer group there were 0 shares purchased and 247,500 shares sold with company insiders having sold 27,500 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.
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