Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Annaly Capital Management (NLY)

Tuesday, November 07, 2017 10:15 PM ET

Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Annaly Capital Management (NLY)

There was a significant insider purchase in Annaly Capital Management shares today as revealed in a filing with the SEC. One insider — Kevin Keyes, Director and Officer — bought 300,000 shares in the company having a net market value of approximately $3,335,250. There have been 3 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 131,200 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 431,200 shares and have averaged 107,800 shares per transaction over this time period.

Insider buy/sell trading at Annaly Capital Management is greater than the 31 peer company average over the last 90-day period. The Mortgage REITs peer group saw 37 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Annaly Capital Management insiders was also higher. Within the peer group there were 2,221,196 shares purchased and 1,324,575 shares sold with company insiders acquiring 56,039 shares on average.

For the purpose of evaluating significant insider buying and selling all 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 sourced to evaluate 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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