Tuesday, October 31, 2017 10:15 PM ET
Significant Insider buy of Alamo Group (alg) Shares Reverses Selling Trend of Last Quarter
There was noteworthy purchase activity in Alamo Group shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — John Redmond, Director and Officer — bought 11,000 shares in the company having a market value of approximately $1,521,081. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 4,364 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 6,636 shares and have averaged 5,121 shares per transaction over this time period.
Insiders at Alamo Group have a level of buy/sell trades that is above the 7-peer company average over the last 90-day period. However, the number of shares per average transaction for Alamo Group insider buy-sell trading is very close to the average of the Agricultural Machinery peer group of companies. This peer group saw 8,302 shares purchased and 9,364 shares sold resulting in an average of 4,417 shares traded and netting out with company insiders selling 266 shares on average.
The data obtained in composing 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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