SPY424.09-1.17 -0.27%
DIA342.64-1.66 -0.48%
IXIC14,102.08-72.07 -0.51%

Insider Trends: Insider at Alamo Group Makes Tax Sale Interrupting 90-Day Buy Trend

05/10/2021 13:54

05:41 PM EDT, 05/10/2021 (MT Newswires) -- Ronald A Robinson, Director and President & CEO, reported a sale of 3,027 shares of Alamo Group (ALG) for approximately $498,880 to fulfill tax obligations on May 06, 2021. Robinson, following the transactions defined in the Form 4 SEC filing, owns 236,686 shares of the company, which have a market value of $39.0 million as of the prior-day closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 30 insider transactions reported to the SEC for Alamo Group. These transactions came from the activities of 14 different insiders that resulted in a net acquisition of 3,804 company shares. This compares with the preceding 90-day window of time where there was 1 transaction from 1 insider which resulted in the disposition of 289 shares.

This is below the average for insider transactions in the 7-company Agricultural Machinery peer group over the last 90-day period. Within the peer group activity averaged 176.3 transactions per company, with company insiders acquiring on average 188,791 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/897077/000089707721000073/xslF345X03/wf-form4_162068276243994.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.