Monday, February 12, 2018 10:15 PM ET
Significant Insider buy of Babcock & Wilcox Enterprises (BW) Shares Breaks neutral Trend of Last Quarter
Significant insider buying activity was disclosed in Babcock & Wilcox Enterprises shares in a form 4 document filed with the SEC today, showing — Partners Holdings L.P. Steel, 10% Owner — purchased 441,456 shares in the company having a net market value of approximately $2,500,315. This is the first insider buy/sell trade in the past 90 days.
The number of buy-sell trades for Babcock & Wilcox Enterprises is close to that of the 7 member peer company average. The Heavy Electrical Equipment peer group saw 4 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares per buy/sell trade transacted by Babcock & Wilcox Enterprises insiders is higher. Within the peer group there were 15,000 shares purchased and 9,750 shares sold with company insiders acquiring 1,313 shares on average.
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.
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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