Monday, December 11, 2017 10:15 PM ET
OneMain Holdings (OMF) sees Significant Insider Sales Extending the Trend of Last Quarter
Two insiders — Wesley R Edens, 10% Owner and Director, and Fortress Investment Group Llc, 10% Owner and Director — disposed of 2,000,000 shares of OneMain Holdings having a market value of approximately $52,000,000, today, as disclosed in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 20,000,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 22,000,000 shares and have averaged 5,500,000 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at OneMain Holdings is higher than the 21-company peer group average. Consumer Lending peer group saw 44 buy/sell trades during this period for an average of 2.1 transactions per company. The number of shares per buy/sell trade for OneMain Holdings insiders was also higher. Within the peer group there were 132,700 shares purchased and 396,996 shares sold with company insiders having sold 6,007 shares on average.
The data obtained in composing 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
* Wesley R Edens, 10% Owner and Director, sold 1,000,000 shares
* Fortress Investment Group Llc, 10% Owner and Director, sold 1,000,000 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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