Insider Sale at Basic Energy Services (BAS) Continues Selling Trend

Wednesday, January 24, 2018 10:15 PM ET

Insider Sale at Basic Energy Services (BAS) Continues Selling Trend

One Basic Energy Services insider Silver Point Capital Lp, 10% Owner and Director, today, disposed of 186,000 shares having a market value of approximately $4,430,113, as disclosed in a form 4 document filed with the SEC. There have been 9 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 1,539,694 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,725,694 shares and have averaged 172,569 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Basic Energy Services is greater than its 57-company peer group average. The Oil Related Services and Equipment peer group saw 87 buy/sell trades during this period for an average of 1.5 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 15,878,139 shares sold with company insiders disposing of 177,004 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write 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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