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華爾街日報Independent Chair of the Board Of Simpson Manufacturing Sold 28% Of Their Shares
Anyone interested in Simpson Manufacturing Co., Inc. (NYSE:SSD) should probably be aware that the Independent Chair of the Board, Philip Donaldson, recently divested US$399k worth of shares in the company, at an average price of US$168 each. The eyebrow raising move amounted to a reduction of 28% in their holding.
The Last 12 Months Of Insider Transactions At Simpson Manufacturing
Over the last year, we can see that the biggest insider sale was by the Executive Vice President of Innovation - Simpson Strong-Tie Company Inc, Jeremy Gilstrap, for US$446k worth of shares, at about US$178 per share. So we know that an insider sold shares at around the present share price of US$169. 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.
Insiders in Simpson Manufacturing didn't buy any shares in 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 Simpson Manufacturing
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Insider Ownership Of Simpson Manufacturing
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Simpson Manufacturing insiders own 0.3% of the company, worth about US$19m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Simpson Manufacturing Tell Us?
Insiders haven't bought Simpson Manufacturing stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But since Simpson Manufacturing is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with Simpson Manufacturing and understanding it should be part of your investment process.
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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.