We note that the Dine Brands Global, Inc. (NYSE:DIN) Independent Director, Michael Hyter, recently sold US$52k worth of stock for US$28.88 per share. It wasn't a huge sale, but it did reduce their holding by 16%. This does not instill confidence.
The Last 12 Months Of Insider Transactions At Dine Brands Global
Over the last year, we can see that the biggest insider purchase was by Independent Director Howard Berk for US$100k worth of shares, at about US$24.50 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$28.65. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 22.70k shares worth US$587k. But they sold 1.80k shares for US$52k. Overall, Dine Brands Global insiders were net buyers during 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 Dine Brands Global
Dine Brands Global is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Dine Brands Global Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 5.1% of Dine Brands Global shares, worth about US$19m. 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 Dine Brands Global Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Dine Brands Global we think they are probably pretty confident of a bright future. 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. Our analysis shows 4 warning signs for Dine Brands Global (1 is potentially serious!) and we strongly recommend you look at them before investing.
Of course Dine Brands Global 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.