Insider at SEI Investments (SEIC) Makes Significant Sale of Stock

Tuesday, August 08, 2017 10:15 PM ET

Insider at SEI Investments (SEIC) Makes Significant Sale of Stock

A SEC filing today indicated a substantial insider sale of SEI Investments shares as — Alfred P West Jr, 10% Owner — sold 100,000 shares in the company having a market value of approximately $5,600,000. There have been 6 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 317,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 417,500 shares and have averaged 59,643 shares per transaction over this time period.

Insider buy/sell trading at SEI Investments is greater than the 8 peer company average over the last 90-day period. The Wealth Management peer group saw 10 buy/sell trades during this period for an average of 1.3 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 317,500 shares sold with company insiders selling 31,750 shares on average.

Significant insider buying and selling activity 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 data obtained in creating and writing this story.

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.

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