Integer Holdings Insiders Sold US$33m Of Shares Suggesting Hesitancy
The fact that multiple Integer Holdings Corporation (NYSE:ITGR) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, if numerous insiders are selling, shareholders should investigate more.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Integer Holdings
Over the last year, we can see that the biggest insider sale was by the Advisor, Joseph Dziedzic, for US$33m worth of shares, at about US$122 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$69.99). So it may not shed much light on insider confidence at current levels.
Over the last year, we can see that insiders have bought 7.49k shares worth US$500k. But insiders sold 268.48k shares worth US$33m. All up, insiders sold more shares in Integer Holdings than they bought, over the last year. 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!
View our latest analysis for Integer Holdings
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Integer Holdings Insiders Bought Stock Recently
There has been significantly more insider buying, than selling, at Integer Holdings, over the last three months. Insiders spent US$500k on shares. On the other hand, VP, Corporate Controller & Principal Accounting Officer Tom Thomas netted US$62k by selling. We think insiders may be optimistic about the future, since insiders have been net buyers of shares.
Does Integer Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by 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. It appears that Integer Holdings insiders own 1.1% of the company, worth about US$28m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Integer Holdings Tell Us?
The recent insider purchases are heartening. However, the longer term transactions are not so encouraging. We don't take much heart from transactions by Integer Holdings insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. In short they are likely aligned with shareholders. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 3 warning signs for Integer Holdings (1 shouldn't be ignored!) that we believe deserve your full attention.
But note: Integer Holdings 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.