Tuesday, February 20, 2018 10:15 PM ET
Insider Sales at SEI Investments (SEIC) are Significant and Extend the Selling Trend of Last Quarter
In SEC filings today SEI Investments reported three insiders — N Jeffrey Klauder, Officer, Joseph P Ujobai, Officer, and Paul Klauder, Officer — sold 50,000 shares in the company having a market value of approximately $3,666,800. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 73,750 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 123,750 shares and have averaged 17,679 shares per transaction over this time period.
The number of insider buy/sell trades at SEI Investments is greater than that of the 7 peer company average over the last 90-day period. The Wealth Management peer group saw 8 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by SEI Investments insiders is lower than its peers. Within the peer group there were 0 shares purchased and 396,449 shares sold with company insiders disposing of 49,556 shares on average over this time period.
Insider buying and selling activity that is significant 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 creating and writing this story.
Today’s Insider Activity
* N Jeffrey Klauder, Officer, sold 20,000 shares
* Joseph P Ujobai, Officer, sold 20,000 shares
* Paul Klauder, Officer, sold 10,000 shares
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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