Significant Insider Selling in Shares of Providence Service (PRSC) Continues

Wednesday, December 13, 2017 10:15 PM ET

Significant Insider Selling in Shares of Providence Service (PRSC) Continues

A filing with the SEC today disclosed a substantial insider sale of Providence Service shares as — Coliseum Capital Management Llc, 10% Owner and Director — disposed of 314,605 shares in the company having a market value of approximately $17,639,902. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 10,665 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 325,270 shares and have averaged 108,423 shares per transaction over this time period.

Providence Service insider trading represents a level of buy/sell trades that is above for the 44 peer company average over the last 90-day period. The Healthcare Facilities & Services peer group saw 27 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Providence Service insiders was also higher. Within the peer group there were 274,364 shares purchased and 204,563 shares sold with company insiders having bought 3,490 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 compose 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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