Insider Sales at Astoria Financial (AF) are Significant and Extend the Selling Trend of Last Quarter

Friday, August 11, 2017 10:15 PM ET

Insider Sales at Astoria Financial (AF) are Significant and Extend the Selling Trend of Last Quarter

There was a significant level of insider selling revealed today in filings with the SEC for Astoria Financial. Two insiders — Gerard C Keegan, Director, and Josie Callari, Officer — disposed of 94,354 shares in the company for approximately $1,815,779. There have been 2 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 191,264 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 285,618 shares and have averaged 71,405 shares per transaction over this time period.

The number of insider buy/sell trades at Astoria Financial is above that of the 319 peer company average over the last 90-day period. The Banks peer group saw 419 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Astoria Financial insiders is lower than its peers. Within the peer group there were 1,035,395 shares purchased and 44,537,867 shares sold with company insiders having sold 103,825 shares on average over this time period.

The data used 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.

Today’s Insider Activity
* Gerard C Keegan, Director, sold 65,600 shares
* Josie Callari, Officer, sold 28,754 shares

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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