Notable Insider Trading: Bristow Group Inc

Bristow Group Inc (NYSE:BRS) insider has recently participated in insider trading activity. President and CEO, Baliff Jonathan bought 7,500 shares for $96,675 via one transaction Feb 12. Following the transaction, the insider now owns 25,416 shares in total, priced at $360907.2 as of Tuesday. Another notable insider trading was done by the same insider on Nov 11. Baliff Jonathan acquired 3,500 shares at an average price of $29.03 for a total of $101,605. Moreover, Gompert David C. carried out a buy of 2,400 shares at $13.04 each on Feb 12. The transaction amounted to $31,296. See Remarks Miller L. Don bought 3,500 shares for $101,605 through one transaction Nov 11. Following this sale, this insider’s stake in the company comprises 3,952 shares, priced at $56118.4 as of Tuesday.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 2 sell activities and 2 buy trades. Furthermore, over the past 12 months, the stock was traded 10 times by insiders. In 6 of these trades, the insider was a seller while an employee of the company was the buyer in just 4 instances.

Bristow Group Inc (BRS) on February 9, 2016 announced that Bristow has invested $4.2 million in Sky-Futures, the leading provider of drone inspection data services for the oil and gas industry. This investment gives Bristow immediate entry to the fast-growing UAV services business and bolsters Bristow’s offerings to include drone inspection services.

The investment, which also includes an exclusive partnership agreement, gives Bristow access to Sky-Futures UAV or drone inspection operational expertise, data capturing and analysis technology, and training capabilities. Bristow will have one representative on Sky-Futures’ board.

“In this new market reality where continued cost pressures compel companies to find new solutions, our investment in Sky-Futures puts Bristow at the forefront of offering innovative solutions that help our mutual clients achieve further efficiencies in their operations,” said Bristow Group President and CEO Jonathan Baliff. “Through our partnership, we will collaborate with Sky-Futures and its leading safety culture, operational integration, and analysis technology to capitalize beyond the growing need for global UAV inspection services in oil and gas to other industries, including search and rescue.

“This agreement is another example of how Bristow is taking proactive steps to differentiate itself and capitalize on strategic growth opportunities that are aligned with our core values and competencies,” said Baliff.

James Harrison, Sky-Futures CEO and co-founder said, “This partnership between Bristow and Sky-Futures enables us to rapidly expand the operational delivery of drone based inspection services in the global oil and gas market. We’re really excited because it allows us to enhance our advanced technology platform that powers industrial data capture and analysis, providing our clients with increasingly valuable and actionable information.”