When an individual insider buys shares, it’s usually not a big deal. However, if several insiders buy shares, such as: The Shyft Group, Inc (NASDAQ:SHYF) For example, this is good news for shareholders.
While we don’t think shareholders should simply track insider transactions, we would think it would be foolish to ignore insider transactions altogether.
Check out our latest analysis for Shyft Group
The last 12 months of insider transactions at Shyft Group
The largest single sale by an insider in the last twelve months occurred when insider Stephen Guillaume sold $213,000 worth of shares at a price of $26.83 per share. While insider selling is negative, it’s even more negative for us if the shares are sold at a lower price. It’s reassuring that this sale was made at a price well above the current share price, which stands at $11.66. Therefore, it is difficult to draw a clear conclusion from this. The only individual insider seller last year was Stephen Guillaume.
In the last twelve months, insiders bought 36.31k shares for $494k. But they sold 12,000 shares for $319,000. In the last twelve months, there have been more purchases than sales by Shyft Group insiders. You can see the insider transactions (by companies and individuals) over the last year in the table below. If you want to know exactly who sold how much and when, just click on the graphic below!
Shyft Group isn’t the only stock insiders are buying. For those who like to find successful investments The free A list of growing companies with recent insider purchases might be just the ticket.
Shyft Group insiders recently bought shares
It’s good to see that Shyft Group insiders have made significant investments in the company’s shares. Not only could we see there was no sale, but they also purchased $125,000 worth of shares together. This shows some optimism about the future of the company.
Insider ownership of Shyft Group
Many investors like to check how much of a company is owned by insiders. High insider ownership often leads to company management taking greater consideration of shareholders’ interests. Insiders own 2.7% of Shyft Group shares, worth about $10 million. This level of insider ownership is good, but not particularly outstanding. It certainly suggests a reasonable level of alignment.
What could insider transactions at Shyft Group tell us?
Recent insider buying is encouraging. And the longer-term insider trading also gives us confidence. Insiders likely see value in Shyft Group shares given these transactions (along with the company’s notable insider ownership). Naturally, The future is the most important thing. So if you’re interested in Shyft Group, you should check it out free Report on analyst forecasts for the company.
But note: Shyft Group may not be the best stock to buy. So take a look free List of interesting companies with high ROE and low debt.
Insiders within the meaning of this article are persons who report their transactions to the relevant supervisory authority. We currently only consider open market transactions and private dispositions of direct holdings, but not derivative transactions or indirect holdings.
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This article from Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term focused analysis based on fundamental data. Note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.