We note that the Atlanticus Holdings Corporation (NASDAQ:ATLC) Independent Director, Deal Hudson, recently sold US$61k worth of stock for US$30.50 per share. On the bright side, that's just a small sale and only reduced their holding by 2.8%.
The Last 12 Months Of Insider Transactions At Atlanticus Holdings
In fact, the recent sale by Independent Director Deal Hudson was not their only sale of Atlanticus Holdings shares this year. They previously made an even bigger sale of -US$83k worth of shares at a price of US$35.16 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$30.01). So it may not shed much light on insider confidence at current levels.
All up, insiders sold more shares in Atlanticus Holdings than they bought, over the last year. 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Atlanticus Holdings 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. We usually like to see fairly high levels of insider ownership. Atlanticus Holdings insiders own about US$302m worth of shares (which is 69% 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.
What Might The Insider Transactions At Atlanticus Holdings Tell Us?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Atlanticus Holdings. You'd be interested to know, that we found 2 warning signs for Atlanticus Holdings and we suggest you have a look.
Of course Atlanticus Holdings 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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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.
