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Independent Director of Team Edward Stenger Buys 51% More Shares
Even if it's not a huge purchase, we think it was good to see that Edward Stenger, the Independent Director of Team, Inc. (NYSE:TISI) recently shelled out US$80k to buy stock, at US$16.00 per share. While that isn't the hugest buy, it actually boosted their shareholding by 51%, which is good to see.
The Last 12 Months Of Insider Transactions At Team
Notably, that recent purchase by Edward Stenger is the biggest insider purchase of Team shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$15.62). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 10.33k shares worth US$168k. On the other hand they divested 4.12k shares, for US$71k. In total, Team insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Team
Team is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Team
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Team insiders own 5.6% of the company, worth about US$4.0m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Team Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Team insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Team. Every company has risks, and we've spotted 2 warning signs for Team (of which 1 is a bit unpleasant!) you should know about.
Of course Team may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.