This insider just sold shares of Hingham Institution for Savings (NASDAQ:HIFS)
We would be surprised if Hingham Savings Institution (NASDAQ:HIFS) shareholders failed to notice that director Julio Hernando recently sold US$165,000 worth of stock at US$347 per share. However, the silver lining is that the sale only reduced their total stake by 0.5%, so we’re hesitant to read much into that, on its own.
See our latest analysis for Hingham Institution for Savings
Hingham Institution for savings insider trading over the past year
Independent director Scott Moser has made the biggest insider sell in the past 12 months. This single transaction was for US$400,000 of shares at a price of US$364 each. So what is clear is that an insider saw fit to sell around the current price of US$343. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. Given that the sale took place roughly at current prices, this makes us a bit cautious but is hardly a major concern.
Over the past year, we can see that insiders have bought 1.30k of shares worth $434,000. But insiders sold 8,19,000 shares worth $2.9 million. Over the past year, we’ve seen more insider selling of Hingham Institution for Savings stock than buying. The average selling price was around US$351. It is not too encouraging to see insiders selling below the current price. But we wouldn’t place too much emphasis on insider selling. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you want to know exactly who sold, how much and when, just click on the chart below!
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Many investors like to check how much a company is owned by insiders. I think it’s a good sign if insiders have a significant number of shares in the company. It’s great to see that insiders at the Hingham Institution for Savings own 18% of the company, worth about $130 million. This type of significant insider ownership generally increases the chances that the company will be run in the best interests of all shareholders.
So what does the Hingham Institution for Savings Insider Trading say?
Unfortunately, there have been more insider sales of Hingham Institution for Savings stock than purchases in the past three months. Despite some insider buying, the longer-term picture doesn’t make us much more positive. But since Hingham Institution for Savings is profitable and growing, that doesn’t worry us too much. It’s good to see strong insider ownership, but insider selling leaves us cautious. While we like to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. Example: we have identified 2 warning signs for Hingham Institution for Savings you should be aware.
Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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