Thursday, November 09, 2017 10:15 PM ET
Insider Selling in SEI Investments (SEIC) Shares Continues
There was a notable insider sale of SEI Investments shares today, as indicated in a filing with the SEC as — Joseph P Ujobai, Officer — sold 17,500 shares in the company having a market value of approximately $1,128,050 There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 217,010 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 234,510 shares and have averaged 26,057 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at SEI Investments is greater than the 7-company peer group average. Wealth Management peer group saw 16 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for SEI Investments insiders was also higher. Within the peer group there were 5,000 shares purchased and 358,175 shares sold with company insiders selling 22,073 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to compose and write this story.
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