Monday, February 26, 2018 10:15 PM ET
Insider Selling at LendingTree (TREE) Continues with Significant Sale
A filing with the SEC today revealed a significant insider sale of LendingTree shares as — Peter Horan, Director — disposed of 3,000 shares in the company having a market value of approximately $1,020,150. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 36,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 39,000 shares and have averaged 19,500 shares per transaction over this time period.
The level of buy-sell trades at LendingTree is close to that of the 21 member peer company average. The Consumer Lending peer group saw 42 buy/sell trades during this period for an average of 2.0 transactions per company. However, trading at LendingTree represents a lower number of shares per transaction. Within the peer group there were 27,642,842 shares purchased and 407,806 shares sold with company insiders acquiring 1,361,752 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.
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