Director Cooper John Abbott Root sold entire 166,633-share FLIC position ($2.1M) at $12.70; 4 prior buys at this ticker all showed strong 90d gains.
Cooper John Abbott Root liquidated his complete holding of 166,633 shares in FIRST OF LONG ISLAND CORP, eliminating a 100% position at $12.70 per share on 2024-09-05, raising $2.1M. This complete exit stands in stark contrast to his historical trading pattern at FLIC: his 4 prior purchases (all in May 2023) were each followed by substantial 90-day gains ranging from 28.4% to 39.7%, suggesting disciplined entry timing. The current stock price of $12.74 is only 0.3% above the sale price and sits 7.5% below the 52-week high of $13.77, placing the sale near recent peak levels. While fundamentals show steady performance (P/E of 13.00, +13.8% annual revenue growth, $4.8M net income), the fact that he exited completely after a pattern of well-timed accumulation over the past 16 months warrants scrutiny into whether conditions at the company or broader outlook have shifted.