Monday, November 06, 2017 10:15 PM ET
Significant Insider Sales in Shares of Asbury Automotive Group (ABG) Extends the Selling Trend of Last Quarter
A significant level of insider sales in Asbury Automotive Group was reported in form 4 documents filed with the SEC today. Two insiders — MSD Capital Lp, Director, and Joel Alsfine, Director — sold 400,000 shares in the company having a market value of approximately $24,800,000. There have been 4 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 263,186 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 663,186 shares and have averaged 110,531 shares per transaction over this time period.
The number of insider buy/sell trades at Asbury Automotive Group is greater than that of the 7 peer company average over the last 90-day period. The Auto Vehicles, Parts & Service Retailers peer group saw 14 buy/sell trades during this period for an average of 2.0 transactions per company. However, the number of shares traded per transaction by Asbury Automotive Group insiders is lower than its peers. Within the peer group there were 2,213,685 shares purchased and 1,510,877 shares sold with company insiders acquiring 50,201 shares on average over this time period.
The data obtained 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
* MSD Capital Lp, Director, sold 200,000 shares
* Joel Alsfine, Director, sold 200,000 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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