Significant Insider Sales Reported in Shares of Kadant (KAI) Extending the Trend of Last Quarter

Friday, November 03, 2017 10:15 PM ET

Significant Insider Sales Reported in Shares of Kadant (KAI) Extending the Trend of Last Quarter

SEC filings today reported substantial insider sales of Kadant shares as two insiders — Sandra L Lambert, Officer, and Jonathan W Painter, Director and Officer — sold 26,437 shares in the company having a market value of approximately $2,775,796. 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 sale of 6,750 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 33,187 shares and have averaged 8,297 shares per transaction over this time period.

Kadant insider trading represents a level of buy/sell trades that is above for the 18 peer company average over the last 90-day period. The Industrial Machinery peer group saw 17 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Kadant insiders was also higher. Within the peer group there were 18,000 shares purchased and 96,054 shares sold with company insiders having sold 4,591 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 obtained in composing and writing this story.

Today’s Insider Activity
* Sandra L Lambert, Officer, sold 6,437 shares
* Jonathan W Painter, Director and Officer, sold 20,000 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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