Insiders at Harley-Davidson Inc. (HOG) and Asset Manager Invesco Ltd. (IVZ) Offload Shares, Plus Other Insider Trading

Board Member of Well-Known Motorcycle Maker Sells Shares

One member of Harley-Davidson Inc. (NYSE:HOG)’s Board of Directors unloaded a really sizeable block of shares this week. Board member Donald A. James discarded 100,000 shares on Wednesday at a weighted average price of $56.13 per share. The shares were held through Fred Deeley Limited, which owns an aggregate of 311,788 shares of Harley-Davidson following the recent sale. Mr. James also holds a direct ownership stake of 5,522 shares.

The aforementioned insider sale comes after the well-known motorcycle maker released its financial results for the third quarter. Harley-Davidson Inc. (NYSE:HOG) reported revenue from motorcycles and related products of $1.09 billion for the quarter, down from $1.14 billion reported for the same period of the prior year. The company plans to ship between 44,200 bikes and 49,200 bikes during the current quarter, as compared to 48,149 bikes delivered during the fourth quarter of the previous year. For the full year, the company anticipates to ship between 264,000 and 268,000 bikes, flat at the midpoint relative to the prior-year figure. The shares of Harley-Davidson are up 24% this year. Ken Fisher’s Fisher Asset Management trimmed its position in Harley-Davidson Inc. (NYSE:HOG) by 5% during the third quarter to 108,314 shares.

Executive at Successful Asset Manager Offloads Shares

A member of Invesco Ltd. (NYSE:IVZ)’s executive team offloaded a large amount of shares this week as well. Andrew Tak Shing Lo, a senior managing director at the investment management firm, liquidated 150,000 shares on Wednesday at prices varying from $27.60 to $27.85 per share. Following the recent share, the senior managing director currently holds an aggregate of 251,603 shares.

Although the Wall Street Journal calls Invesco Ltd. (NYSE:IVZ) “a rare bright spot in the grim world of asset managers that are losing out to a handful of giant index-fund providers”, the company’s share price has dropped by 16% year-to-date. While most active managers appear to have been losing the battle against low-cost exchange-traded funds and other passive vehicles, Invesco enjoyed strong inflows during the third quarter. The asset manager reported net long-term inflows of $12.2 billion in the third quarter, reflecting net inflows of $8.3 billion into its actively managed funds and $3.9 billion into its passive products.  Alan Reid’s Forward Management has 20,115 shares of Invesco Ltd. (NYSE:IVZ) in its portfolio as of the end of September.

Disclosure: None