An Insider Bought (Back) In At SEI Investments
Joseph Ujobai, an executive vice president at SEI Investments (SEIC), purchased 5,000 shares of the company's stock on Dec. 17 at an average price of $22.56 per share. This gives Ujobai almost 13,000 shares held directly in the wealth management and investment advisory company. Interestingly, he had sold 42,500 shares in early November at a slightly lower price.
So it's possible that he has changed his mind about the company's prospects -- generally, for an insider to buy shares in the company that's responsible for their income they would have to be -- but there may be some other explanation here. We'd also note that several other company officers are selling shares, though insider selling is generally not that informative as the principles of diversification mean that it makes sense for insiders to sell....444 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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