Thursday, October 05, 2017 10:15 PM ET
Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of Great Elm Capital Group (GEC)
An insider — Matthew A Drapkin, Director — purchased 1,266,000 shares of Great Elm Capital Group having a market value of approximately $4,572,286 today, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
In relation to the peer group over the last 90 days, insider buy/sell trading at Great Elm Capital Group is lower than the 154-company peer group average. IT Services & Consulting peer group saw 264 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares per buy/sell trade for Great Elm Capital Group is higher. Within the peer group there were 561,530 shares purchased and 18,397,856 shares sold with company insiders disposing of 67,562 shares on average.
The data obtained 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.
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