The fact that multiple Hilton Grand Vacations Inc. (NYSE:HGV) 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 versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
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.
Hilton Grand Vacations Insider Transactions Over The Last Year
The Executive VP & Chief Human Resources Officer and Corporate Affairs, Jorge Brizi, made the biggest insider sale in the last 12 months. That single transaction was for US$1.3m worth of shares at a price of US$47.59 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$41.48. So it is hard to draw any strong conclusion from it.
All up, insiders sold more shares in Hilton Grand Vacations than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:HGV Insider Trading Volume June 13th 2024
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insiders At Hilton Grand Vacations Have Sold Stock Recently
The last quarter saw substantial insider selling of Hilton Grand Vacations shares. In total, insiders dumped US$2.6m worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that Hilton Grand Vacations insiders own 1.2% of the company, worth about US$51m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Hilton Grand Vacations Insider Transactions Indicate?
Insiders sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. 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. Case in point: We've spotted 4 warning signs for Hilton Grand Vacations you should be aware of, and 1 of these can't be ignored.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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.
過去1年間に複数のHilton Grand Vacations Inc.(NYSE:HGV)の内部者がかなりのシェアを売却した事実は、投資家の間で何か反応を呼ぶ可能性があります。内部者取引を評価する際、内部者が売却するのか購入するのかを把握することは通常より有益です。後者は多義的に解釈される可能性があるためです。ただし、複数の内部者が特定の期間に株式を売却した場合は、株主はそれに注意を払う必要があるかもしれないため、重要です。
最後の四半期に、Hilton Grand Vacationsの株式の大量の内部売却がありました。合計して、その期間中、内部者は2.6百万米ドル相当の株を売却し、購入は記録されていません。全体的には、これは私たちを少し慎重にするものですが、それだけではすべてではありません。
社内保有株式
私は、企業の内部者とどれだけ関与しているかを把握するために、内部者が会社に保有する株式数を見ることが好きです。通常、私たちは内部者の保有レベルがかなり高いことを望んでいます。Hilton Grand Vacationsの内部者たちは、同社の約1.2%を保有しており、約5100万米ドル相当です。この内部者の保有レベルは良く、特筆すべきものであるわけではありませんが、適度な程度の関与を示唆しています。
では、Hilton Grand Vacationsの内部者取引は何を示唆しているのでしょうか?内部者たちは最近株式を売却しましたが、購入は行っていません。遠くを見ると、長期的な観点から見ると、私たちはあまり快適ではありません。内部者は株式を保有していますが、売却の歴史があるため、かなり慎重です。つまり、内部者が買い方や売り方をすることを知ることは役立ちますが、特定の会社が直面しているリスクを知ることも役立ちます。例を挙げますと、Hilton Grand Vacationsについて、4つの警告サインを発見しました。これらのうちの1つは無視できません。
内部者たちは最近株式を売却しましたが、購入は行っていません。遠くを見ると、長期的な観点から見ると、私たちはあまり快適ではありません。内部者は株式を保有していますが、売却の歴史があるため、かなり慎重です。つまり、内部者が買い方や売り方をすることを知ることは役立ちますが、特定の会社が直面しているリスクを知ることも役立ちます。例を挙げますと、Hilton Grand Vacationsについて、4つの警告サインを発見しました。これらのうちの1つは無視できません。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。