Friday, September 15, 2017 10:15 PM ET
Fiesta Restaurant Group (FRGI) sees Significant Insider buy Extending Trend of purchases over Last Quarter
There was a significant insider purchase in Fiesta Restaurant Group shares today as disclosed in a filing with the SEC. One insider — Brian P Friedman, Director — bought 70,000 shares in the company having a net market value of approximately $1,217,307. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 1,059,665 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,129,665 shares and have averaged 225,933 shares per transaction over this time period.
The number of insider buy/sell trades at Fiesta Restaurant Group is greater than the 37 peer company average over the last 90-day period. The Restaurants & Bars peer group saw 49 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Fiesta Restaurant Group insiders was also higher. Within the peer group there were 1,372,743 shares purchased and 105,713 shares sold with company insiders purchasing 48,732 shares on average.
The data used in evaluating 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.
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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