Tuesday, October 31, 2017 10:15 PM ET
Insider Sales at TRI Pointe Group (TPH) Extends the Selling Trend of Last Quarter
There was substantial level of selling of TRI Pointe Group shares today, as revealed in filings with the SEC. Two insiders — Michael D Grubbs, Officer, and Douglas F Bauer, Director and Officer — sold 292,294 shares in the company having a market value of approximately $5,126,837. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 606,440 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 898,734 shares and have averaged 179,747 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at TRI Pointe Group is greater than its 9-company peer group average. The Residential Builders – Single Homes peer group saw 11 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by TRI Pointe Group insiders is lower than its peers. Within the peer group there were 0 shares purchased and 4,069,139 shares sold with company insiders selling 369,922 shares on average over this time period.
The data used in evaluating 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.
Today’s Insider Activity
* Michael D Grubbs, Officer, sold 250,000 shares
* Douglas F Bauer, Director and Officer, sold 42,294 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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