Have Insiders Sold Andersons Shares Recently?
Anyone interested in The Andersons, Inc. (NASDAQ:ANDE) should probably be aware that the Executive Chairman, Patrick Bowe, recently divested US$285k worth of shares in the company, at an average price of US$80.53 each. However, the silver lining is that the sale only reduced their total holding by 4.5%, so we're hesitant to read anything much into it, on its own.
Andersons Insider Transactions Over The Last Year
Notably, that recent sale by Executive Chairman Patrick Bowe was not the only time they sold Andersons shares this year. Earlier in the year, they fetched US$78.31 per share in a -US$1.5m sale. So we know that an insider sold shares at around the present share price of US$74.60. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Insiders in Andersons 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. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Andersons
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 Andersons
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Andersons insiders own 4.3% of the company, currently worth about US$112m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Andersons Insider Transactions Indicate?
Insiders haven't bought Andersons stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But since Andersons is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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. To that end, you should learn about the 2 warning signs we've spotted with Andersons (including 1 which is significant).
But note: Andersons 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.