One Reading International Insider Raised Stake By 44% In Previous Year
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
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The Last 12 Months Of Insider Transactions At Reading International
The insider, Steven Lucas, made the biggest insider sale in the last 12 months. That single transaction was for US$54k worth of shares at a price of US$1.36 each. That means that an insider was selling shares at around the current price of US$1.33. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. Steven Lucas was the only individual insider to sell over the last year.
Douglas McEachern bought a total of 41.50k shares over the year at an average price of US$1.75. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, 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 Reading International
Reading International is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Reading International Insiders Are Selling The Stock
The last quarter saw substantial insider selling of Reading International shares. In total, insider Steven Lucas dumped US$54k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Does Reading International Boast High Insider Ownership?
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. Our data indicates that Reading International insiders own about US$6.3m worth of shares (which is 14% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Reading International Insiders?
An insider hasn't bought Reading International stock in the last three months, but there was some selling. In contrast, they appear keener if you look at the last twelve months. But insiders own relatively little of the company, from what we can see. So we can't be sure that insiders are optimistic. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Reading International is showing 5 warning signs in our investment analysis, and 1 of those can't be ignored...
Of course Reading International 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.
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