Wednesday, January 03, 2018 10:15 PM ET
Insider Selling in Barnes & Noble Education (BNED) Shares Continues
There was a notable sale of shares of Barnes & Noble Education by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Abrams Capital Management Lp, 10% Owner — sold 354,451 shares in the company having a market value of approximately $2,996,850. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,179,065 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,533,516 shares and have averaged 1,266,758 shares per transaction over this time period.
The number of buy-sell trades for Barnes & Noble Education is close to that of the 19 member peer company average. The Other Specialty Retailers peer group saw 29 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares per buy/sell trade transacted by Barnes & Noble Education insiders is higher. Within the peer group there were 58,990 shares purchased and 33,600,849 shares sold with company insiders disposing of 1,156,616 shares on average.
The data obtained in evaluating 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.
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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