Simpson Manufacturing (SSD) sees Significant Insider Sales Extending the Trend of Last Quarter

Monday, October 23, 2017 10:15 PM ET

Simpson Manufacturing (SSD) sees Significant Insider Sales Extending the Trend of Last Quarter

There was significant selling of Simpson Manufacturing shares by insiders today, as disclosed in form 4 documents filed with the SEC. Two insiders — Simpson PSB Fund, Required Filer, and Sharon H Simpson, 10% Owner — disposed of 150,956 shares in the company having a market value of approximately $7,472,250. 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 837,124 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 988,080 shares and have averaged 247,020 shares per transaction over this time period.

Simpson Manufacturing insider trading represents a higher number of buy/sell transactions than for the 19 peer company average over the last 90-day period. The Construction Supplies & Fixtures peer group saw 22 buy/sell trades during this period for an average of 1.2 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 995,283 shares sold with company insiders selling 8,873 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data used in evaluating and writing this story.

Today’s Insider Activity
* Simpson PSB Fund, Required Filer, sold 75,478 shares
* Sharon H Simpson, 10% Owner, sold 75,478 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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