Investors may wish to note that the Chief Retail Officer & Executive VP of Sales of FitLife Brands, Inc., Patrick Ryan, recently netted US$98k from selling stock, receiving an average price of US$24.50. It might not be a huge sale, but it did reduce their holding size 28%, hardly encouraging.
Check out our latest analysis for FitLife Brands
The Last 12 Months Of Insider Transactions At FitLife Brands
Notably, that recent sale by Patrick Ryan is the biggest insider sale of FitLife Brands shares that we've seen in the last year. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$21.24. So it may not tell us anything about how insiders feel about the current share price.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I will like FitLife Brands better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership Of FitLife Brands
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 13% of FitLife Brands shares, worth about US$13m. 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 Does This Data Suggest About FitLife Brands Insiders?
An insider sold FitLife Brands shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing FitLife Brands. Be aware that FitLife Brands is showing 4 warning signs in our investment analysis, and 1 of those shouldn't be ignored...
Of course FitLife Brands 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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