Today, a Major Shareholder at Standard Diversified Inc (SDI), Standard General L.P., sold shares of SDI for $1.32M.
This is L.P.’s first Sell trade following 13 Buy transactions. In addition to Standard General L.P., one other SDI executive reported Sell trades in the last month.
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Based on Standard Diversified Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $113 million and GAAP net loss of $3.54 million. In comparison, last year the company earned revenue of $82.07 million and had a net profit of $521K. Currently, Standard Diversified Inc has an average volume of 7,007.
In the last 30 days, insiders have sold $2.11M worth of SDI shares and purchased $481.8K worth of SDI shares. The insider sentiment on Standard Diversified Inc has been neutral according to 14 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Standard Diversified, Inc. is a holding company, which owns and operates subsidiaries in a variety of industries, including other tobacco products, insurance, and outdoor advertising. It operates through the following segments: Smokeless Products, Smoking Products, and NewGen Products.
