Continued Level of Significant Insider Selling at Silvercrest Asset Management Group (SAMG)

Wednesday, January 10, 2018 10:15 PM ET

Continued Level of Significant Insider Selling at Silvercrest Asset Management Group (SAMG)

An insider sold 250,000 shares of Silvercrest Asset Management Group having a market value of approximately $3,750,000 today, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 86,950 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 336,950 shares and have averaged 168,475 shares per transaction over this time period.

Silvercrest Asset Management Group level of buy-sell trading activity is close to the 7 member peer company average. The Wealth Management peer group saw 16 buy/sell trades during this period for an average of 2.3 transactions per company. However, the number of shares per buy/sell trade transacted by Silvercrest Asset Management Group insiders is higher. Within the peer group there were 0 shares purchased and 412,124 shares sold with company insiders having sold 25,758 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.

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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