Tuesday, February 06, 2018 10:15 PM ET
Legacy Reserves LP (LGCY) sees Significant Insider buy Extending Trend of purchases over Last Quarter
Significant insider buying activity was disclosed in Legacy Reserves LP shares in a form 4 document filed with the SEC today, showing — Baines Creek Capital Llc, 10% Owner — purchased 526,000 shares in the company having a net market value of approximately $1,194,990. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 1,221,192 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,747,192 shares and have averaged 873,596 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Legacy Reserves LP is greater than the 196-company peer group average. Oil & Gas Exploration and Production peer group saw 168 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Legacy Reserves LP insiders was also higher. Within the peer group there were 43,967,481 shares purchased and 5,509,956 shares sold with company insiders having bought 380,768 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced to compose and write this story.
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