Thursday, January 18, 2018 10:15 PM ET
Insider Makes Significant Stock Sells in Five Oaks Investment (OAKS) Shares
One Five Oaks Investment insider — XL Bermuda Ltd, 10% Owner — today, sold 710,495 shares having a market value of approximately $3,389,061, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Five Oaks Investment is near the 31 member peer company average. The Mortgage REITs peer group saw 29 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares per buy/sell trade transacted by Five Oaks Investment insiders is higher. Within the peer group there were 2,248,187 shares purchased and 1,237,164 shares sold with company insiders having bought 48,144 shares on average.
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 obtained in creating and writing 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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