Insider Sales at SEI Investments (SEIC) are Significant and Extend the Selling Trend of Last Quarter

Monday, November 27, 2017 10:15 PM ET

Insider Sales at SEI Investments (SEIC) are Significant and Extend the Selling Trend of Last Quarter

A substantial level of insider sales in SEI Investments was revealed in form 4 documents filed with the SEC today. Two insiders — N Jeffrey Klauder, Officer, and Paul Klauder, Officer — sold 28,750 shares in the company having a market value of approximately $1,974,700. There have been 9 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 239,510 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 268,260 shares and have averaged 24,387 shares per transaction over this time period.

The number of insider buy/sell trades at SEI Investments is greater than the 7 peer company average over the last 90-day period. The Wealth Management peer group saw 18 buy/sell trades during this period for an average of 2.6 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 380,675 shares sold with company insiders selling 20,871 shares on average.

The data used 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
* N Jeffrey Klauder, Officer, sold 20,000 shares
* Paul Klauder, Officer, sold 8,750 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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