Five Insiders at Bristow Group Inc. (BRS) Bought Shares Last Week, Plus 4 Other Companies with Noteworthy Insider Trading

This Operator of Helicopters Had Five Insiders Purchase Shares Last Week

Bristow Group Inc. (NYSE:BRS) registered a cluster of insider buying last week, which involved five corporate insiders. Board member Ian A. Godden bought 10,000 shares on Thursday at prices of between $12.75 and $12.80 per share, which boosted his ownership to 26,473 shares. David C. Gompert, another Director, snapped up 1,400 units of common stock on the same day for $12.33 each, lifting his stake to 5,605 units. Joining the two Board members was Senior Vice President and Chief Administration Officer, Hilary S. Ware, who bought 5,000 shares at a weighted average cost of $12.61. The CAO currently holds 23,710 shares. Moreover, Senior Vice President and Chief Financial Officer L. Don Miller acquired 3,150 shares on Thursday at $12.69 apiece, after which he owns 8,102 shares. Last but not least, President and Chief Executive Officer Jonathan E. Baliff purchased a 7,600-share block at an average price of $12.98, increasing his holding to 35,766 shares.

The world’s largest operator of helicopters has seen its market value plummet by 38% thus far in 2016, despite having gained 21% in the past five trading sessions. Bristow Group Inc. (NYSE:BRS), one of the two helicopter service providers to the offshore energy industry, has been heavily impacted by reduced exploration and production spending on the part of oil and gas companies. It should be noted that the other provider, CHC Group Ltd, filed for bankruptcy protection in May. Ken Griffin’s Citadel Advisors owned nearly 256,000 shares of Bristow Group Inc. (NYSE:BRS) on March 31.

FLIR Systems Had Two Board Members Discard Shares Last Week

Earl R. Lewis, the Chairman of FLIR Systems Inc. (NASDAQ:FLIR)’s Board and former CEO of the company, discarded 52,288 shares on Friday at $30.99 apiece, cutting his ownership to 571,819 shares. Angus L. Macdonald, who has been on the company’s Board since 2001, unloaded 5,340 shares on the same day at a price of $31.10 per share. After the recent sale, Mr. Macdonald currently holds a stake of 15,528 shares.

The shares of the thermal imaging camera maker are up by 12% thus far in 2016. The share price of FLIR Systems Inc. (NASDAQ:FLIR)’s stock is down by nearly 13% over the past two years, so the two insiders might have decided to cash in after the mild recent strength in the company’s stock performance. D.E Shaw & Co. L.P., founded by David E. Shaw, reported ownership of 1.59 million shares of FLIR Systems Inc. (NASDAQ:FLIR) in its latest 13F filing.

This Provider of Oilfield Services Saw Its CEO Sell Massive Block of Shares This Week

The man in charge of RPC Inc. (NYSE:RES) has been discarding shares lately, including the sale of a massive block of shares earlier this week. President and Chief Executive Officer Richard A. Hubbell sold exactly 100,000 shares on Monday at a price of $15.79 per share, trimming his ownership to 2.74 million shares.

The shares of the provider of specialized oilfield services to independent and major oilfield companies are up by an impressive 38% since the beginning of 2016. RPC Inc. (NYSE:RES)’s revenue for the first quarter of 2016 fell by 53.5% year-over-year to $189.1 million, mainly due to lower activity levels and pricing in the company’s service lines. While crude oil prices have recovered from their multi-year-lows reached in February, the U.S domestic rig count is not likely to recover sharply in the near-term. Ken Griffin’s Citadel Advisors LLC cut its stake in RPC Inc. (NYSE:RES) by 50% during the March quarter, to 1.46 million shares.

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