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Insider Trends: MDC Holdings Insider Disposes of Shares for Tax Slowing 90-Day Buy Trend

· 02/05/2021 06:04

10:58 AM EST, 02/05/2021 (MT Newswires) -- Larry A Mizel, 10% Owner, Director and Executive Chairman, sold 6,718 shares of MDC Holdings (MDC) for approximately $378,761 to fulfill tax obligations on Feb 03, 2021. Mizel, after the transactions disclosed in the SEC Form 4 filing, has control over 8,131,916 shares of the company of which 93,870 shares are held directly and 8,038,046 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $458.48 million.

During the most recent 90-day period, previous to the date of this filing, there have been 14 insider transactions reported to the SEC for MDC Holdings. These transactions came from the activities of 4 separate insiders that resulted in a net acquisition of 256,232 company shares. This compares with the preceding 90-day window of time where there were 14 transactions from 5 insiders that resulted in the net disposition of 17,548 shares.

This represents a lower level of transactions than the peer group average in the 10-company Residential Builders - Single Homes peer group over the last 90-day period. Within the peer group activity averaged 117.7 transactions per company, and disposition of 474,462 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/773141/000090269121000008/xslF345X03/edgar.xml

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.