Tuesday, January 16, 2018 10:15 PM ET
Significant Insider Sales in Shares of Basic Energy Services (BAS) Extends the Selling Trend of Last Quarter
Basic Energy Services, today, saw two insiders — Silver Point Capital Lp, 10% Owner and Director, and Ascribe Capital Llc, 10% Owner — sell 69,000 shares having a market value of approximately $1,778,394, as disclosed in form 4 documents filed with the SEC. There have been 9 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 1,461,694 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,530,694 shares and have averaged 139,154 shares per transaction over this time period.
The number of insider buy/sell trades at Basic Energy Services is greater than that of the 57 peer company average over the last 90-day period. The Oil Related Services and Equipment peer group saw 82 buy/sell trades during this period for an average of 1.4 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 478,829 shares purchased and 15,780,916 shares sold with company insiders disposing of 186,611 shares on average over this time period.
The data sourced 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.
Today’s Insider Activity
* Silver Point Capital Lp, 10% Owner and Director, sold 45,000 shares
* Ascribe Capital Llc, 10% Owner, sold 24,000 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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