Friday, September 29, 2017 10:15 PM ET
Insider Sale at Colony NorthStar (CLNS) Deemed Significant
A filing with the SEC today indicated a significant insider sale of Colony NorthStar shares as — Darren J Tangen, Officer — disposed of 200,000 shares in the company having a market value of approximately $2,484,840. This is the first insider buy/sell trade in the past 90 days.
Insider buy/sell trading at Colony NorthStar is below the 8 peer company average over the last 90-day period. The Diversified REITs peer group saw 53 buy/sell trades during this period for an average of 6.6 transactions per company. However, the number of shares per buy/sell trade for Colony NorthStar is higher. Within the peer group there were 1,308,653 shares purchased and 28,000 shares sold with company insiders having bought 256,131 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.
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