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Insider Selling in Ameresco (AMRC) Shares Continues

· 02/04/2021 17:21

10:19 PM EST, 02/04/2021 (MT Newswires) -- A filing with the SEC today disclosed a notable insider sale of Ameresco shares as -- George P Sakellaris, 10% Owner, Director and Officer -- disposed of 36,876 shares in the company having a market value of approximately $2,286,110. 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 disposition of 1,495,793 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,532,669 shares and have averaged 255,445 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Ameresco is below the 2-company peer group average. Renewable Energy Services peer group saw 44 buy/sell trades during this period for an average of 22.0 transactions per company. However, the number of shares per buy/sell trade for Ameresco is higher. Within the peer group there were 0 shares purchased and 1,495,793 shares sold with company insiders having sold 33,995 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data obtained in evaluating and writing this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.