Possible Bearish Signals With First Merchants Insiders Disposing Stock
Possible Bearish Signals With First Merchants Insiders Disposing Stock
Quite a few First Merchants Corporation (NASDAQ:FRME) insiders sold their shares over the past year, which may be a cause for concern. 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, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
過去一年中,相當多的第一招商股份公司(納斯達克:FRME)內部人士出售了其股份,這可能是一種令人擔憂的原因。在分析內幕交易時,通常更重要的是知道內部人員是買進還是賣出,而不是知道他們在銷售股票,因爲後者傳遞了一種模棱兩可的信息。然而,如果在特定時間段內出現多個內部人員出售股票,股東們應該更深入地了解情況。
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.
雖然我們不認爲股東應該簡單地跟隨內部交易,但我們認爲監控內部人士的行動是很合理的。
The Last 12 Months Of Insider Transactions At First Merchants
第一招商公司過去12個月的內部交易
Over the last year, we can see that the biggest insider sale was by the Advisor & Vice Chair, Michael Rechin, for US$371k worth of shares, at about US$37.05 per share. So we know that an insider sold shares at around the present share price of US$34.31. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. 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.
在過去的一年中,我們可以看到顧問兼副主席Michael Rechin出售了總價值371,000美元的股票,每股售價約爲37.05美元,因此我們知道一位內部人員在現在的股票價格34.31美元左右出售了該股票。雖然內部人員的賣出是個負面的跡象,但對我們而言,如果股票是以更低的價格被賣出,則更爲負面。我們注意到這次交易是在當前價格附近進行的,因此它並不是一個主要的問題,儘管它並不是一個好現象。
Over the last year, we can see that insiders have bought 1.87k shares worth US$66k. On the other hand they divested 23.10k shares, for US$804k. Over the last year we saw more insider selling of First Merchants shares, than buying. 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!
在過去的一年中,我們可以看到內部人員購買了價值66,000美元的1.87k股股票。另一方面,他們出售了23.10k股股票,價格爲804,000美元。在過去一年中,我們看到內部人員出售了更多的第一招商股份股票,而不是買進。以下是過去12個月公司和個人內幕交易的視覺描述。如果您想了解確切的銷售人員,銷售金額和時間,請直接點擊下面的圖表!
![insider-trading-volume](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240523/0-4c57b2eabd1c6515d6f2c3ab9ccb4d41-0-0fc3746e958040366c82547ee106be4a.png/big)
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
對於那些喜歡發現潛力股票的人,可以免費查看最新內部交易股票的小盤公司名單,這可能正是您要找的機會。
First Merchants Insiders Are Selling The Stock
第一招商內部人員正在賣出該股票
We've seen more insider selling than insider buying at First Merchants recently. In that time, Senior VP & Chief Information Officer Stephan Fluhler dumped US$106k worth of shares. Meanwhile President Michael Stewart bought US$1.1k worth. Since the selling really does outweigh the buying, we'd say that these transactions may suggest that some insiders feel the shares are not cheap.
最近在第一招商看到更多的內部人員出售股票而不是購買。在這段時間裏,高級副總裁兼首席信息官Stephan Fluhler出售了價值106,000美元的股票。同時,總裁Michael Stewart購買了價值1,100美元的股票。由於賣出量確實超過買入量,因此我們認爲這些交易可能表明一些內部人員認爲股票並不便宜。
Insider Ownership
內部人員持股情況
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that First Merchants insiders own 1.4% of the company, worth about US$29m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
另一種測試一家公司領導層和其他股東之間的一致性的方法是查看他們擁有的股票數量。我們通常希望看到內部人員擁有相當高的股權水平。第一招商的內部人員擁有公司1.4%的股份,價值約2900萬美元。我們確實在其他地方看到了更高的內部股權,但這些持股足以表明內部人員與其他股東之間的一致性。
So What Does This Data Suggest About First Merchants Insiders?
那麼這些數據對於第一招商的內部人員來說意味着什麼?
Unfortunately, there has been more insider selling of First Merchants stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that First Merchants has 1 warning sign and it would be unwise to ignore this.
不幸的是,最近三個月第一招商的內部人員出售了更多股票,而非購買。而我們對於內部交易的長期分析也沒有帶來信心。雖然內部人員擁有股份,但數量並不多,他們一直在出售。在購買之前我們應該保持一些謹慎!因此,這些內部交易可以幫助我們建立關於股票的主題,但了解公司面臨的風險也是值得的。在進行分析時,我們發現第一招商有一個警告信號,忽視這個信號是不明智的。
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.
如果您想查看另一家公司的信息-一家潛在具有優秀財務狀況的公司-請不要錯過這個帶有高股權回報率和低債務的有趣公司免費列表。
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.
對於本文而言,內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置,但不包括衍生交易或間接利益。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。