Tuesday, March 06, 2018 10:15 PM ET
Significant Insider Selling Continues at Heartland Financial USA (HTLF)
A SEC filing today indicated a substantial insider sale of Heartland Financial USA shares as — Kurt Saylor, Director — sold 45,000 shares in the company having a market value of approximately $2,394,640. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 22,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 67,500 shares and have averaged 33,750 shares per transaction over this time period.
The level of buy-sell trading at Heartland Financial USA is near the 190 member peer company average. The Corporate Banks peer group saw 296 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade transacted by Heartland Financial USA insiders is higher. Within the peer group there were 215,561 shares purchased and 8,197,138 shares sold with company insiders disposing of 26,965 shares on average.
The data obtained in creating 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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