Massive Cluster of Insider Selling at Data Management Company and Other Insider Trading

Chairman of Houston-Based Energy Company Buys Shares Amid Share Price Weakness

One member of Carrizo Oil & Gas Inc. (NASDAQ:CRZO)’s boardroom filed Thursday with the SEC to disclose the purchase of a relatively sizeable block of shares. Steven A. Webster, Chairman of the Board of Directors and one of the company’s co-founders, purchased 25,000 shares on Thursday at prices between $31.20 and $31.28 per share. Mr. Webster currently owns a total of 2.58 million shares following the purchase.

The shares of the Houston-based energy company are 17% in the red thus far in 2017, which possibly explains the Chairman’s decision to pile up some shares. Carrizo Oil & Gas Inc. (NASDAQ:CRZO) is engaged in the exploration, development, and production of oil and gas mainly from resource plays in the United States. The company’s 2016 crude oil production stood at 25,745 stock tank barrels per day, up 12% as compared to 2015 levels. The increase was mainly attributable to strong performance from its wells in the Eagle Ford. Carrizo Oil & Gas managed to achieve this increase despite a 18% decrease in drilling and completion capital expenditures in 2016 versus 2015. There were 21 hedge fund vehicles from our system invested in the energy company at the end of December, which stockpiled nearly 7% of the company’s outstanding shares. Mariko Gordon’s Daruma Asset Management owned 1.19 million shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) heading into 2017.

CEO of Leading Manufacturer of Modular Carpet Boosts Equity Stake

A well-informed and important member of Interface Inc. (NASDAQ:TILE)’s management team bought some shares at the beginning of the week. President and Chief Operating Officer Jay D. Gould, who was recently appointed Chief Executive Officer effective this Friday, snatched up 26,300 shares on Tuesday at prices that fell between $18.90 and $19.10 per share. Mr. Gould currently holds an ownership stake of 157,322 shares after the Tuesday purchase.

The world’s largest manufacturer and marketer of modular carpet has seen its market capitalization jump by 16% in the past 12 months. Interface Inc. (NASDAQ:TILE) generated net sales of $958.6 million during 2016, down from $1.0 billion in 2015. The company has been channeling more marketing and sales efforts on non-corporate office segments in recent years in an attempt to reduce exposure to economic cycles that impact the corporate office market segment. The mix of corporate office versus non-corporate office modular carpet sales in the Americas shifted to 44%-56% in 2016, as compared with 64%-36% in 2001. Royce & Associates, founded by Chuck Royce, was the equity holder of 1.18 million shares of Interface Inc. (NASDAQ:TILE) at the end of December.

The final page of the article will discuss fresh insider selling observed at two other companies.