Don't Ignore The Insider Selling In Oil-Dri Corporation of America
We wouldn't blame Oil-Dri Corporation of America (NYSE:ODC) shareholders if they were a little worried about the fact that Christopher Lamson, the Group Vice President of Business to Business & Strategic Growth Initiatives recently netted about US$562k selling shares at an average price of US$80.27. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 9.7%.
The Last 12 Months Of Insider Transactions At Oil-Dri Corporation of America
In fact, the recent sale by Christopher Lamson was the biggest sale of Oil-Dri Corporation of America shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$75.33. 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 Oil-Dri Corporation of America insiders didn't buy any company stock. 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!
See our latest analysis for Oil-Dri Corporation of America
I will like Oil-Dri Corporation of America 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 Oil-Dri Corporation of America Boast High Insider Ownership?
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. Oil-Dri Corporation of America insiders own 11% of the company, currently worth about US$121m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Oil-Dri Corporation of America Tell Us?
Insiders sold Oil-Dri Corporation of America shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, Oil-Dri Corporation of America makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.