Wednesday, November 22, 2017 10:15 PM ET
Insider Sales at Floor & Decor Holdings (FND) Extends the Selling Trend of Last Quarter
In SEC filings today Floor & Decor Holdings revealed five insiders — Axelrod, Starrett, Ares Corporate Opportunities Fund, Fs Equity Partners VI, and West — sold 7,475,000 shares in the company having a market value of approximately $261,027,000. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 140,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 7,615,000 shares and have averaged 1,269,167 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Floor & Decor Holdings is above the 1-company peer group average. Builder Merchants peer group saw 2 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Floor & Decor Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 140,000 shares sold with company insiders having sold 70,000 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 obtained to evaluate and write this story.
Today’s Insider Activity
* Norman Axelrod, Director, sold 117,038 shares
* Peter Starrett, Director, sold 25,000 shares
* Ares Corporate Opportunities Fund Lp, 10% Owner, sold 4,853,847 shares
* Fs Equity Partners VI Lp, 10% Owner, sold 2,354,115 shares
* George Vincent West, Director, sold 125,000 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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