Insider Sales at SEI Investments (SEIC) Extends the Selling Trend of Last Quarter

Monday, October 02, 2017 10:15 PM ET

Insider Sales at SEI Investments (SEIC) Extends the Selling Trend of Last Quarter

There was a substantial level of insider selling disclosed today in filings with the SEC for SEI Investments. Three insiders — Wayne Withrow, Officer, Stephen Meyer, Officer, and Kevin Barr, Officer — sold 40,000 shares in the company for approximately $2,461,700. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 307,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 347,500 shares and have averaged 34,750 shares per transaction over this time period.

Insider buy/sell trading at SEI Investments is greater than the 7 peer company average over the last 90-day period. The Wealth Management peer group saw 11 buy/sell trades during this period for an average of 1.6 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 307,500 shares sold with company insiders selling 27,500 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 create and write this story.

Today’s Insider Activity
* Wayne Withrow, Officer, sold 10,000 shares
* Stephen Meyer, Officer, sold 20,000 shares
* Kevin Barr, Officer, sold 10,000 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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