Monday, September 11, 2017 10:15 PM ET
InfraREIT (HIFR) sees Significant Insider Selling Continuing
There was a notable sale of shares of InfraREIT by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Insurance & Annuity Association of America Teachers, 10% Owner — disposed of 80,088 shares in the company having a market value of approximately $1,796,086. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,135,095 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,215,183 shares and have averaged 607,592 shares per transaction over this time period.
The number of insider buy/sell trades at InfraREIT is lower than the 18 peer company average over the last 90-day period. The Specialized REITs peer group saw 51 buy/sell trades during this period for an average of 2.8 transactions per company. However, the number of shares per buy/sell trade for InfraREIT is higher. Within the peer group there were 199,400 shares purchased and 1,258,371 shares sold with company insiders having sold 20,764 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 evaluating and writing this story.
Using proprietary Natural Language Generation (NLG) technology, 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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