National Research Insiders Sold US$56m Of Shares Suggesting Hesitancy
National Research Insiders Sold US$56m Of Shares Suggesting Hesitancy
Many National Research Corporation (NASDAQ:NRC) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
过去一年，许多国家研究公司（NASDAQ：NRC）的内部人士都抛售了自己的股票，这可能会引起该公司股东的兴趣。分析内部交易时，了解内部人士是买入还是卖出通常更有价值，而不是仅仅了解他们是卖出还是买入，因为后者会发出含混不清的信息。然而，当多个内部人士在特定时间段内抛售股票时，股东应该注意，因为这可能是一个警示信号。
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.
虽然我们不认为股东应该简单地跟随内部交易，但我们认为监控内部人士的行动是很合理的。
National Research Insider Transactions Over The Last Year
国家研究的内幕交易过去一年来的情况
The insider, Thomas Richardson, made the biggest insider sale in the last 12 months. That single transaction was for US$24m worth of shares at a price of US$40.54 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$24.57). So it is hard to draw any strong conclusion from it.
在过去的12个月中，内部人员Thomas Richardson进行了最大规模的内部交易。单笔交易金额为2400万美元，每股价格为40.54美元。尽管我们通常不喜欢看到内部人士出售股票，但如果销售价格低于现在价格则更令人担忧。值得一提的是，这次抛售是在最新股价（24.57美元）之上进行的。因此很难从中得出任何强烈的结论。
National Research insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
过去一年，国家研究的内部人员没有买入任何股票。下面是过去12个月公司和个人内部交易的可视化图表。通过单击下面的图表，您可以查看每个内部交易的详细信息！
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
如果您和我一样，您就不会错过这个免费的小盘股票列表，这些股票不仅被内部人士购买，而且估值也很有吸引力。
Does National Research Boast High Insider Ownership?
国家研究拥有高内部所有权吗？
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. National Research insiders own about US$216m worth of shares (which is 37% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
测试公司领导者与其他股东之间的协调程度的另一种方法是查看他们拥有的股份数量。通常，内部所有权越高，内部人士就越有可能被激励从长远角度建设公司。国家研究的内部人士拥有价值约2160万美元的股份（占公司的37%）。这种重要的内部所有权通常会增加公司为所有股东谋利益的机会。
So What Do The National Research Insider Transactions Indicate?
国家研究的内部交易是否表明了什么意味？
The fact that there have been no National Research insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the National Research insiders selling. 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. At Simply Wall St, we've found that National Research has 3 warning signs (1 is a bit unpleasant!) that deserve your attention before going any further with your analysis.
事实上，国家研究最近没有进行内部交易并不会让我们困扰。看到内部所有权水平很高是好事，但回顾过去一年，我们并不认为国家研究内部人士出售股票增加了投资者的信心。虽然了解内部所有权和交易的情况很重要，但我们还一定会考虑股票面临的风险，然后再做决策。在Simply Wall St，我们发现国家研究存在3个警告信号（其中1个有点不愉快！）需要被注意，再进行更深入的分析之前，请务必注意这些信号。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然，您可能会在其他地方找到一项出色的投资。因此，请查看此免费的有趣公司列表。
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.
对于本文而言，内部人是指向相关监管机构报告其交易的个人。我们目前仅考虑公开市场交易和直接利益的私人处置，但不包括衍生交易或间接利益。
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.
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。