General Counsel & Director Clio Hatzimichalis Sold A Bunch Of Shares In Tsakos Energy Navigation

Anyone interested in Tsakos Energy Navigation Limited (NYSE:TEN) should probably be aware that the General Counsel & Director, Clio Hatzimichalis, recently divested US$205k worth of shares in the company, at an average price of US$41.07 each. That sale was 50% of their holding, so it does make us raise an eyebrow.

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Tsakos Energy Navigation Insider Transactions Over The Last Year

Notably, that recent sale by Clio Hatzimichalis is the biggest insider sale of Tsakos Energy Navigation shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (US$42.03). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 50% of Clio Hatzimichalis's stake.

Tsakos Energy Navigation insiders didn't buy any shares over the last year. 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!

See our latest analysis for Tsakos Energy Navigation

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Tsakos Energy Navigation

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Tsakos Energy Navigation insiders own about US$122m worth of shares (which is 9.6% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Tsakos Energy Navigation Insiders?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Tsakos Energy Navigation makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 4 warning signs for Tsakos Energy Navigation you should be aware of, and 2 of these make us uncomfortable.

But note: Tsakos Energy Navigation may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.