Wednesday, November 15, 2017 10:15 PM ET
Significant Insider Buying of Sequential Brands Group (SQBG) Shares Extends the Trend of Last 90 Days
Three insiders — William Sweedler, 10% Owner and Director, Al Gossett, Director, and Matthew Eby, 10% Owner — acquired 626,438 shares of Sequential Brands Group having a market value of approximately $1,000,187 today, as reflected in form 4 documents filed with the SEC. There have been 2 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 72,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 698,938 shares and have averaged 139,788 shares per transaction over this time period.
Insiders at Sequential Brands Group have a level of buy/sell trades that is above the 25-peer company average over the last 90-day period. The Apparel & Accessories Retailers peer group saw 33 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Sequential Brands Group insiders was also higher. Within the peer group there were 1,429,840 shares purchased and 771,736 shares sold with company insiders purchasing 25,312 shares on average.
The data sourced 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
* William Sweedler, 10% Owner and Director, bought 335,238 shares
* Al Gossett, Director, bought 200,000 shares
* Matthew Eby, 10% Owner, bought 91,200 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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