Monday, September 18, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Primoris Services (PRIM)
There was a significant sale of shares of Primoris Services by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Brian Pratt, 10% Owner and Director — sold 255,386 shares in the company having a market value of approximately $7,309,783. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 748,859 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,004,245 shares and have averaged 502,123 shares per transaction over this time period.
The level of buy/sell trading at Primoris Services is is above the 40 peer company average over the last 90-day period. The Construction & Engineering peer group saw 20 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Primoris Services insiders was also higher. Within the peer group there were 97,350 shares purchased and 1,020,859 shares sold with company insiders selling 46,175 shares on average.
The data sourced in composing 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.
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