Wednesday, August 09, 2017 10:15 PM ET
Insider Sales at SEI Investments (SEIC) Extends the Selling Trend of Last Quarter
In SEC filings today SEI Investments disclosed two insiders — Dennis McGonigle, Officer, and Paul Klauder, Officer — disposed of 27,500 shares in the company having a market value of approximately $1,549,000. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 372,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 400,000 shares and have averaged 50,000 shares per transaction over this time period.
Insiders at SEI Investments have a higher number of buy/sell transactions 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 372,500 shares sold with company insiders selling 37,250 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 composing and writing this story.
Today’s Insider Activity
* Dennis McGonigle, Officer, sold 15,000 shares
* Paul Klauder, Officer, sold 12,500 shares
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