Trade Alert: Company Secretary Of Lakeland Industries Roger Shannon Has Sold Stock

Investors may wish to note that the Company Secretary of Lakeland Industries, Inc., Roger Shannon, recently netted US$71k from selling stock, receiving an average price of US$8.06. While that isn't a lot of money, it was a substantial 84% of their holding, so certainly isn't a good sign.

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Lakeland Industries Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director Martin Glavin for US$100k worth of shares, at about US$22.00 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$7.94). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months insiders purchased 21.49k shares for US$438k. But they sold 8.87k shares for US$71k. Overall, Lakeland Industries insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Lakeland Industries

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Insider Ownership Of Lakeland Industries

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Lakeland Industries insiders own 13% of the company, worth about US$10m. 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 Lakeland Industries Tell Us?

The insider sales have outweighed the insider buying, at Lakeland Industries, in the last three months. On the other hand, the insider transactions over the last year are encouraging. We like that insiders own a fair amount of the company. So we're happy enough to look past some selling. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 4 warning signs for Lakeland Industries (of which 1 is significant!) you should know about.

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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.