Insiders at SEI Investments (SEIC) Make Significant Stock Sales Extends the Trend of Last Quarter

Thursday, September 21, 2017 10:15 PM ET

Insiders at SEI Investments (SEIC) Make Significant Stock Sales Extends the Trend of Last Quarter

There was substantial level of selling of SEI Investments shares today, as reported in filings with the SEC. Two insiders — Kathryn McCarthy, Director, and Joseph P Ujobai, Officer — disposed of 30,000 shares in the company having a market value of approximately $1,762,300. There have been 5 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 267,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 297,500 shares and have averaged 42,500 shares per transaction over this time period.

SEI Investments insider trading represents a higher number of buy/sell transactions than for the 8 peer company average over the last 90-day period. The Wealth Management peer group saw 8 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for SEI Investments insiders was also higher. Within the peer group there were 5,000 shares purchased and 267,500 shares sold with company insiders disposing of 32,813 shares on average.

The data obtained 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.

Today’s Insider Activity
* Kathryn McCarthy, Director, sold 10,000 shares
* Joseph P Ujobai, Officer, sold 20,000 shares

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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