Wednesday, February 28, 2018 10:15 PM ET
Significant Insider Selling Reported in Shares of Heartland Financial USA (HTLF)
A filing with the SEC today disclosed a significant insider sale of Heartland Financial USA shares as — Kurt Saylor, Director — sold 22,500 shares in the company having a market value of approximately $1,199,688. This is the first insider buy/sell trade in the past 90 days.
Over the last 90 days, the number of insider buy/sell trades at Heartland Financial USA is below its 190-company peer group average. The Corporate Banks peer group saw 308 buy/sell trades during this period for an average of 1.6 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 196,648 shares purchased and 8,187,498 shares sold with company insiders disposing of 25,944 shares on average over this time period.
The data obtained 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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