Tuesday, October 31, 2017 10:15 PM ET
Insider Makes Significant Stock Sale Slowing Buying Trend in Emergent Capital (EMGC) Shares over Last Quarter
An insider — Antony Mitchell, Required Filer — sold 5,000,000 shares of Emergent Capital having a market value of approximately $1,000,000 today, as revealed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 5,209,716 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 209,716 shares and have averaged 2,041,943 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Emergent Capital is above the 12-company peer group average. Life Insurance peer group saw 4 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Emergent Capital insiders was also higher. Within the peer group there were 0 shares purchased and 6,896 shares sold with company insiders disposing of 1,724 shares on average.
In determining significant insider buying and selling, 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 used to create and write this story.
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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