Friday, October 13, 2017 10:15 PM ET
Significant Insider Sales Reported in Shares of Simpson Manufacturing (SSD) Extending the Trend of Last Quarter
Two insiders — Simpson PSB Fund, Required Filer, and Sharon H Simpson, 10% Owner — disposed of 167,210 shares of Simpson Manufacturing having a market value of approximately $8,221,133, today, as disclosed in form 4 documents filed with the SEC. 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 disposition of 476,656 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 643,866 shares and have averaged 160,967 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Simpson Manufacturing is greater than the 18-company peer group average. Construction Supplies & Fixtures peer group saw 18 buy/sell trades during this period for an average of 1.0 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 634,815 shares sold with company insiders purchasing 13,772 shares on average.
To bring into focus 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 in data obtained to compose and write this story.
Today’s Insider Activity
* Simpson PSB Fund, Required Filer, sold 83,605 shares
* Sharon H Simpson, 10% Owner, sold 83,605 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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