Friday, September 01, 2017 10:15 PM ET
Hasbro (HAS) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
SEC filings today revealed significant insider sales of Hasbro shares as two insiders — Stephen J Davis, Officer, and Alan G Hassenfeld, 10% Owner and Director — disposed of 101,115 shares in the company having a market value of approximately $9,848,069. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 930,385 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,031,500 shares and have averaged 343,833 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Hasbro is greater than the 7-company peer group average. Toys & Juvenile Products peer group saw 12 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Hasbro insiders was also higher. Within the peer group there were 37,203 shares purchased and 1,017,385 shares sold with company insiders selling 81,682 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 creating and writing this story.
Today’s Insider Activity
* Stephen J Davis, Officer, sold 1,500 shares
* Alan G Hassenfeld, 10% Owner and Director, sold 99,615 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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