Monday, November 27, 2017 10:15 PM ET
Tallgrass Energy Partners (TEP) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
There was noteworthy buying activity in Tallgrass Energy Partners shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — David G Dehaemers Jr, Director and Officer — purchased 31,501 shares in the company having a market value of approximately $1,338,793. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 77,829 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 109,330 shares and have averaged 54,665 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Tallgrass Energy Partners is higher than the 51-company peer group average. Oil & Gas Transportation Services peer group saw 39 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Tallgrass Energy Partners insiders was also higher. Within the peer group there were 394,187 shares purchased and 319,964 shares sold with company insiders purchasing 2,651 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 compose and write this story.
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