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Significant Insider Sales in Shares of MarineMax (HZO) Extends the Selling Trend of Last Quarter

05/10/2021 18:24

10:20 PM EDT, 05/10/2021 (MT Newswires) -- Two insiders -- William H McGill Jr, Director and Officer, and W Brett McGill, Director and Officer -- today, disposed of 60,000 shares of MarineMax having a market value of approximately $3,833,533, as reported in form 4 documents filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 212,645 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 272,645 shares and have averaged 30,294 shares per transaction over this time period.

Today's Insider Activity

Over the last 90 days, the number of insider buy/sell trades at MarineMax is greater than the 10-company peer group average. Recreational Products peer group saw 25 buy/sell trades during this period for an average of 2.5 transactions per company. The number of shares per buy/sell trade for MarineMax insiders was also higher. Within the peer group there were 0 shares purchased and 271,356 shares sold with company insiders disposing of 10,854 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated from data obtained to create and write 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.