Anyone interested in Lakeland Financial Corporation (NASDAQ:LKFN) should probably be aware that the Independent Director, Bradley Toothaker, recently divested US$358k worth of shares in the company, at an average price of US$60.62 each. The eyebrow raising move amounted to a reduction of 29% in their holding.
Lakeland Financial Insider Transactions Over The Last Year
Notably, that recent sale by Bradley Toothaker is the biggest insider sale of Lakeland Financial shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$59.22. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
In total, Lakeland Financial insiders sold more than they bought over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Lakeland Financial
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Does Lakeland Financial Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Lakeland Financial insiders own about US$50m worth of shares. That equates to 3.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Lakeland Financial Insiders?
Insiders sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Lakeland Financial makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Lakeland Financial. You'd be interested to know, that we found 1 warning sign for Lakeland Financial and we suggest you have a look.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.