Robert Kraft Bought 9.0% More Shares In Hillman Solutions
Potential Hillman Solutions Corp. (NASDAQ:HLMN) shareholders may wish to note that the CFO & Treasurer, Robert Kraft, recently bought US$249k worth of stock, paying US$7.00 for each share. Although the purchase only increased their holding by 9.0%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Hillman Solutions
In fact, the recent purchase by Robert Kraft was the biggest purchase of Hillman Solutions shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$7.21. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Robert Kraft was the only individual insider to buy during the last year.
In total, Hillman Solutions insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Hillman Solutions
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Insider Ownership Of Hillman Solutions
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Hillman Solutions insiders own about US$16m worth of shares. That equates to 1.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Hillman Solutions Insiders?
We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. We're a little cautious about the insider selling at Hillman Solutions. But we do like the fact that insiders own a fair chunk of the company. 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. Case in point: We've spotted 2 warning signs for Hillman Solutions you should be aware of, and 1 of these is a bit concerning.
Of course Hillman Solutions may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.