Friday, March 09, 2018 10:15 PM ET
Insider at Primoris Services (PRIM) Makes Significant Sale of Stock
One Primoris Services insider Brian Pratt, 10% Owner and Director, today, disposed of 181,638 shares having a market value of approximately $4,726,048, as revealed in a form 4 document filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 19,522 company shares and the sale of 514,472 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 676,588 shares and have averaged 89,454 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Primoris Services is greater than its 41-company peer group average. The Construction & Engineering peer group saw 31 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Primoris Services insiders is lower than its peers. Within the peer group there were 20,522 shares purchased and 7,957,273 shares sold with company insiders disposing of 256,024 shares on average over this time period.
In determining significant insider buying and selling, 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 used to evaluate and write this story.
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