Insider Sale at Ascent Capital Group (ASCMA) Continues Selling Trend

Wednesday, December 13, 2017 10:15 PM ET

Insider Sale at Ascent Capital Group (ASCMA) Continues Selling Trend

A filing with the SEC today revealed a substantial insider sale of Ascent Capital Group shares as — Brigade Leveraged Capital Structures Fund Ltd., 10% Owner — sold 860,000 shares in the company having a market value of approximately $9,460,000. 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 1,000 company shares and the disposition of 8,362 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 867,362 shares and have averaged 217,341 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Ascent Capital Group is higher than the 2-company peer group average. Security Services peer group saw 5 buy/sell trades during this period for an average of 2.5 transactions per company. The number of shares per buy/sell trade for Ascent Capital Group insiders was also higher. Within the peer group there were 1,000 shares purchased and 8,362 shares sold with company insiders having sold 1,472 shares on average.

For the purpose of evaluating significant insider buying and selling all 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 used to create and write this story.

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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