Thursday, December 28, 2017 10:15 PM ET
Basic Energy Services (BAS) sees Significant Insider Selling Continuing
A filing with the SEC today indicated a substantial insider sale of Basic Energy Services shares as — Silver Point Capital Lp, 10% Owner and Director — disposed of 78,000 shares in the company having a market value of approximately $1,957,296. There have been 7 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 1,334,176 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,412,176 shares and have averaged 176,522 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Basic Energy Services is higher than its 57-company peer group average. The Oil Related Services and Equipment peer group saw 69 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Basic Energy Services insiders is lower than its peers. Within the peer group there were 217,829 shares purchased and 15,580,106 shares sold with company insiders having sold 222,642 shares on average over this time period.
In order to focus on 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 data sourced 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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