Friday, February 02, 2018 10:15 PM ET
Significant Insider Selling Continues at Simpson Manufacturing (SSD)
A significant insider sale of the shares of Simpson Manufacturing was indicated in a form 4 document filed with the SEC today, showing — Sharon H Simpson, 10% Owner — disposed of 45,541 shares in the company having a market value of approximately $2,690,570. There have been 2 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 668,730 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 714,271 shares and have averaged 238,090 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Simpson Manufacturing is greater than the 19-company peer group average. Construction Supplies & Fixtures peer group saw 29 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Simpson Manufacturing insiders was also higher. Within the peer group there were 11,054 shares purchased and 783,007 shares sold with company insiders disposing of 26,619 shares on average.
The data sourced 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.
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