Insider overview: Sonic Corp.
BY THOMSON FINANCIAL REPORTS
Monday, February 04, 2013
2/04/13 at 3:14 AM
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Robert Rosenberg, director, on Jan. 23 sold 10,125 direct shares at $11.48 each for a market value of $116,235. Rosenberg's predictive rating is a relatively low 34, as Sonic shares have risen an average 8.6 percent in the six months following his 11 previous insider sell decisions, according to Thomson.
Frank E. Richardson, director, on Jan. 23 exercised options to purchase 10,125 shares at $9.87 for a market value of $99,934. On the same day, Richardson sold 10,125 direct shares at $11.49 for a market value of $116,336.
Richardson is one of Sonic's most predictive sellers, according to Thomson. Company shares historically have declined an average 11.3 percent in the six months following his 11 earlier sell decisions.
H.E. Gene Rainbolt, director, on Jan. 28 exercised options on 10,125 shares at $9.87 with a market value of $99,934.
Sonic Corp. is an Oklahoma City-based drive-in restaurant chain. On Jan. 24, the company announced that its president, Scott McLain, was resigning effective March 31.
Alliance Holdings GP LP: Joseph W. Craft III, CEO, on Jan. 22 sold 411 indirect units of AHGP at $50,92 with a market value of $20,928. Craft still holds more than 43 million common units in the MLP, which owns the general partner interest and incentitivized distribution rights in Tulsa-based coal producer Alliance Resource Partners LP.
Alliance Holdings Management III LLC, beneficial owners in AHGP, on Jan. 22 sold 411 direct units at $50.92 with a market value of $20,928. AHGP's insider rating is 3, considered more bearish than the coal industry average of 6.0, according to Thomson.
Alliance Holdings GP generated $196.1 million in net income for 2012.