Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Legacy Reserves LP (LGCY)

Tuesday, February 20, 2018 10:15 PM ET

Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Legacy Reserves LP (LGCY)

One Legacy Reserves LP insider — Baines Creek Capital Llc, 10% Owner — today, acquired 457,872 shares having a market value of approximately $1,081,888, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 2,461,378 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,919,250 shares and have averaged 1,459,625 shares per transaction over this time period.

The number of insider buy/sell trades at Legacy Reserves LP is above the 196 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 143 buy/sell trades during this period for an average of 0.7 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 45,188,002 shares purchased and 2,979,173 shares sold with company insiders having bought 449,030 shares on average.

The data used 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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