Tuesday, November 14, 2017 10:15 PM ET
Significant Insider trading Reported in Shares of OM Asset Management (OMAM)
There was a substantial level of insider trading disclosed today in filings with the SEC for OM Asset Management. Two insiders — OM Group (UK) Ltd, 10% Owner, and HNA Capital (U.S.) Holding LLC, 10% Owner — traded 0 shares in the company for approximately $502,757,420. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 7,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 7,500 shares and have averaged 10,642,869 shares per transaction over this time period.
OM Asset Management insider trading represents a level of buy/sell trades that is above for the 31 peer company average over the last 90-day period. The Investment Management peer group saw 42 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for OM Asset Management insiders was also higher. Within the peer group there were 1,140,680 shares purchased and 12,567,194 shares sold with company insiders selling 272,060 shares on average.
In determining significant insider buying and selling, 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 used to create and write this story.
Today’s Insider Activity
* OM Group (UK) Ltd, 10% Owner, sold 15,960,553 shares
* HNA Capital (U.S.) Holding LLC, 10% Owner, bought 15,960,553 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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