SEI Investments Company (SEIC) Insider Lowers Exposure By 11,000 Shares

SEI Investments Company (NASDAQ:SEIC), saw a high level insider lower his position with the company through a transaction initially filed July 25th, and completed today, July 29th. Executive Vice President Jeffrey N. Klauder disposed of 11,000 shares of common stock at an average price of $35.85 per share.
Following this transaction, Klauder now has 82,464 shares directly invested into the company. A $5.96 billion market cap corporation, SEI Investments Company (NASDAQ:SEIC)  is a global provider of investment processing, investment management, and investment operations solutions.
In addition, many hedge fund are involved with the company. Chuck Royce‘s Royce & Associates lowered it’s activity by 10% last quarter, now holding 3,169,472 shares worth approximately $106.5 million; Ken Griffin‘s Citadel Investment Group also decreased its involvement by 10%, and now holds 1,568,359 shares worth nearly $53 million; while Jim Simons‘ Renaissance Technologies went the other direction, raising it’s exposure to the company by 29% last quarter, and now has 1,495,426 shares worth about $50.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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