Thursday, October 26, 2017 10:15 PM ET
Insider Sales at Simpson Manufacturing (SSD) are Significant and Extend the Selling Trend of Last Quarter
In SEC filings today Simpson Manufacturing disclosed two insiders — Simpson PSB Fund, Required Filer, and Sharon H Simpson, 10% Owner — disposed of 151,936 shares in the company having a market value of approximately $7,501,631. 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 988,080 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,140,016 shares and have averaged 285,004 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Simpson Manufacturing is greater than the 19-company peer group average. Construction Supplies & Fixtures peer group saw 24 buy/sell trades during this period for an average of 1.3 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 1,146,239 shares sold with company insiders having sold 14,423 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
Today’s Insider Activity
* Simpson PSB Fund, Required Filer, sold 75,968 shares
* Sharon H Simpson, 10% Owner, sold 75,968 shares
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