Insiders at Simpson Manufacturing (SSD) Make Significant Stock Sales Extends the Trend of Last Quarter

Tuesday, October 10, 2017 10:15 PM ET

Insiders at Simpson Manufacturing (SSD) Make Significant Stock Sales Extends the Trend of Last Quarter

A significant level of insider sales in Simpson Manufacturing was reported in form 4 documents filed with the SEC today. Two insiders — Simpson PSB Fund, Required Filer, and Sharon H Simpson, 10% Owner — sold 141,164 shares in the company having a market value of approximately $6,974,933. There have been 2 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 335,492 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 476,656 shares and have averaged 119,164 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Simpson Manufacturing is above the 18-company peer group average. Construction Supplies & Fixtures peer group saw 16 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Simpson Manufacturing insiders was also higher. Within the peer group there were 800,081 shares purchased and 493,651 shares sold with company insiders having bought 25,536 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to compose and write this story.

Today’s Insider Activity
* Simpson PSB Fund, Required Filer, sold 70,582 shares
* Sharon H Simpson, 10% Owner, sold 70,582 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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