Insider Sale at Basic Energy Services (BAS) Continues Selling Trend

Thursday, November 09, 2017 10:15 PM ET

Insider Sale at Basic Energy Services (BAS) Continues Selling Trend

There was a notable sale of shares of Basic Energy Services by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Silver Point Capital Lp, 10% Owner and Director — disposed of 875,000 shares in the company having a market value of approximately $19,906,250. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 14,000 company shares and the sale of 18,817 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 879,817 shares and have averaged 113,477 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Basic Energy Services is greater than its 57-company peer group average. The Oil Related Services and Equipment peer group saw 59 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Basic Energy Services insiders is lower than its peers. Within the peer group there were 1,153,833 shares purchased and 11,614,238 shares sold with company insiders disposing of 177,295 shares on average over this time period.

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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