Significant Insider Selling in Shares of SEI Investments (SEIC) Continues

Wednesday, February 28, 2018 10:15 PM ET

Significant Insider Selling in Shares of SEI Investments (SEIC) Continues

A SEC filing today revealed a substantial insider sale of SEI Investments shares as — Carmen Romeo, Director — sold 15,000 shares in the company having a market value of approximately $1,112,600. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 95,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 110,000 shares and have averaged 18,333 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at SEI Investments is greater than its 7-company peer group average. The Wealth Management peer group saw 9 buy/sell trades during this period for an average of 1.3 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 417,699 shares sold with company insiders disposing of 46,411 shares on average over this time period.

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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