Selling US$4.3m Of Modine Manufacturing Stock Rewarded Insiders
Selling US$4.3m Of Modine Manufacturing Stock Rewarded Insiders
Modine Manufacturing Company's (NYSE:MOD) stock rose 19% last week, but insiders who sold US$4.3m worth of stock over the last year are probably in a more advantageous position. Selling at an average price of US$49.87, which is higher than the current price might have been the right call as holding on to stock would have meant their investment would be worth less now than it was at the time of sale.
摩丁製造公司(紐約證券交易所代碼:MOD)的股票上週上漲了19%,但去年出售了價值430萬美元股票的內部人士可能處於更有利的地位。以平均價格49.87美元(高於當前價格)出售可能是正確的選擇,因爲持有股票意味着他們現在的投資價值將低於出售時的價值。
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
儘管在長期投資中,內幕交易並不是最重要的事情,但我們認爲完全忽視內幕交易是愚蠢的。
Modine Manufacturing Insider Transactions Over The Last Year
去年的摩丁製造業內幕交易
The Independent Director, Christopher Patterson, 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$90.56 each. That means that even when the share price was below the current price of US$99.00, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 33% of Christopher Patterson's stake. Notably Christopher Patterson was also the biggest buyer, having purchased US$13k worth of shares.
獨立董事克里斯托弗·帕特森進行了過去12個月中最大規模的內幕出售。這筆單筆交易是價值130萬美元的股票,每股價格爲90.56美元。這意味着,即使股價低於當前的99.00美元,內部人士也想套現一些股票。當內部人士以低於當前價格的價格出售時,這表明他們認爲較低的價格是公平的。這讓我們想知道他們如何看待最近(更高的)估值。但是,儘管內幕銷售有時令人沮喪,但這只是一個微弱的信號。此次出售僅佔克里斯托弗·帕特森股份的33%。值得注意的是,克里斯托弗·帕特森也是最大的買家,他購買了價值1.3萬美元的股票。
All up, insiders sold more shares in Modine Manufacturing than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
總而言之,在過去的一年中,內部人士出售的摩丁製造公司的股票比他們買入的還要多。您可以看到下圖所示的去年的內幕交易(公司和個人)。如果你想確切地知道誰賣了、賣了多少以及何時出售,只需點擊下圖!
![insider-trading-volume](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240322/0-8e241d5dd0ffdc1e9d9acea863755e5e-0-6415939f3f678c0f457bc3f1933a518d.png/big)
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
Insiders At Modine Manufacturing Have Sold Stock Recently
摩丁製造業的內部人士最近出售了股票
Over the last three months, we've seen significant insider selling at Modine Manufacturing. Specifically, insiders ditched US$2.0m 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.
在過去的三個月中,我們看到了摩丁製造業的大量內幕拋售。具體而言,內部人士在那段時間拋售了價值200萬美元的股票,我們沒有記錄任何購買記錄。總的來說,這使我們有點謹慎,但這並不是萬能的。
Does Modine Manufacturing Boast High Insider Ownership?
摩丁製造業是否擁有很高的內部所有權?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Modine Manufacturing insiders own 2.0% of the company, worth about US$96m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
查看公司的內部持股總量可以幫助你了解他們是否與普通股股東保持一致。較高的內部所有權通常會使公司領導層更加關注股東的利益。看來摩丁製造業內部人士擁有該公司2.0%的股份,價值約9600萬美元。當然,我們在其他地方看到了更高的內部所有權水平,但這些持股足以表明內部人士與其他股東之間的一致性。
So What Does This Data Suggest About Modine Manufacturing Insiders?
那麼這些數據對摩丁製造業內部人士有什麼啓示呢?
Insiders sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Modine Manufacturing is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Modine Manufacturing. In terms of investment risks, we've identified 1 warning sign with Modine Manufacturing and understanding this should be part of your investment process.
內部人士最近出售了股票,但他們一直沒有買入。儘管有一些內幕買盤,但長期前景並不能使我們感到更加樂觀。但是,由於摩丁製造業盈利且不斷增長,我們對此並不太擔心。內部人士擁有股票,但考慮到銷售歷史,我們仍然相當謹慎。購買前我們會謹慎行事!除了了解正在進行的內幕交易外,確定摩丁製造所面臨的風險也是有益的。在投資風險方面,我們已經向Modine Manufacturing確定了一個警告信號,我們知道這應該是您投資過程的一部分。
But note: Modine Manufacturing may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但請注意:摩丁製造業可能不是最好的買入股票。因此,來看看這份投資回報率高、負債率低的有趣公司的免費清單。
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.
就本文而言,內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益,不包括衍生品交易或間接權益。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。