Friday, October 20, 2017 10:15 PM ET
Insider Sale at LGI Homes (LGIH) Continues Selling Trend
There was a substantial insider sale of LGI Homes shares today, as revealed in a filing with the SEC as — Eric Thomas Lipar, 10% Owner, Director and Officer — disposed of 25,000 shares in the company having a market value of approximately $1,356,851 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 25,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 50,000 shares and have averaged 25,000 shares per transaction over this time period.
Insider buy/sell trading at LGI Homes is higher than the 15 peer company average over the last 90-day period. The Homebuilding peer group saw 8 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for LGI Homes insiders was also higher. Within the peer group there were 0 shares purchased and 126,585 shares sold with company insiders disposing of 15,823 shares on average.
The data used in creating 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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