This Insider Has Just Sold Shares In Artesian Resources

Anyone interested in Artesian Resources Corporation (NASDAQ:ARTN.A) should probably be aware that the Director, Dian Taylor, recently divested US$142k worth of shares in the company, at an average price of US$31.85 each. On the bright side, that sale was only 2.9% of their holding, so we doubt it's very meaningful, on its own.

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The Last 12 Months Of Insider Transactions At Artesian Resources

Notably, that recent sale by Dian Taylor is the biggest insider sale of Artesian Resources shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$31.86. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

In the last year Artesian Resources insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Artesian Resources

I will like Artesian Resources better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Artesian Resources Boast High Insider Ownership?

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. It appears that Artesian Resources insiders own 9.9% of the company, worth about US$33m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Artesian Resources Tell Us?

An insider hasn't bought Artesian Resources 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 Artesian Resources 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're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Artesian Resources. Case in point: We've spotted 3 warning signs for Artesian Resources you should be aware of.

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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.