Wednesday, November 22, 2017 10:15 PM ET
Insider purchase at Drive Shack (DS) prolongs buy activity of Last 90 Days
There was a noteworthy insider buying activity in Drive Shack shares today as revealed in a filing with the SEC. One insider — Wesley R Edens, Director — purchased 482,697 shares in the company having a net market value of approximately $2,896,182. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 1,287,303 company shares and the sale of 32,311 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,737,689 shares and have averaged 450,578 shares per transaction over this time period.
The number of buy-sell trades for Drive Shack is close to that of the 2 member peer company average. The Golf Courses peer group saw 7 buy/sell trades during this period for an average of 3.5 transactions per company. However, the number of shares per buy/sell trade transacted by Drive Shack insiders is higher. Within the peer group there were 1,287,303 shares purchased and 32,311 shares sold with company insiders acquiring 418,331 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 create and write this story.
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