Wednesday, January 10, 2018 10:15 PM ET
Insiders at Black Stone Minerals Company LP (BSM) Make Significant Stock Sales
There was a significant level of insider selling disclosed today in filings with the SEC for Black Stone Minerals Company LP. Three insiders — Luke Stevens Putman, Officer, Jeffrey P Wood, Officer, and Brock Morris, Officer — sold 89,568 shares in the company for approximately $1,640,194. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 29,856 shares per transaction.
Over the last 90 days, the number of insider buy/sell trades at Black Stone Minerals Company LP is higher than its 194-company peer group average. The Oil & Gas Exploration and Production peer group saw 168 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Black Stone Minerals Company LP insiders is lower than its peers. Within the peer group there were 4,241,282 shares purchased and 7,352,998 shares sold with company insiders having sold 18,522 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in composing and writing this story.
Today’s Insider Activity
* Luke Stevens Putman, Officer, sold 32,355 shares
* Jeffrey P Wood, Officer, sold 16,279 shares
* Brock Morris, Officer, sold 40,934 shares
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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