Trade Alert: Non-Independent Non-Executive Director Of Haverty Furniture Companies J. Haverty Has Sold Stock

We wouldn't blame Haverty Furniture Companies, Inc. (NYSE:HVT) shareholders if they were a little worried about the fact that J. Haverty, the Non-Independent Non-Executive Director recently netted about US$576k selling shares at an average price of US$23.05. Probably the most concerning element of the whole transaction is that the disposal amounted to 85% of their entire holding.

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The Last 12 Months Of Insider Transactions At Haverty Furniture Companies

In fact, the recent sale by J. Haverty was the biggest sale of Haverty Furniture Companies shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$22.66. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

J. Haverty ditched 53.22k shares over the year. The average price per share was US$19.09. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Haverty Furniture Companies

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Insider Ownership Of Haverty Furniture Companies

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Haverty Furniture Companies insiders own about US$31m worth of shares. That equates to 8.3% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Haverty Furniture Companies Insiders?

An insider sold Haverty Furniture Companies shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Haverty Furniture Companies.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.