Whilst it may not be a huge deal, we thought it was good to see that the LINKBANCORP, Inc. (NASDAQ:LNKB) Independent Director, George Parmer, recently bought US$66k worth of stock, for US$6.62 per share. Although the purchase is not a big one, increasing their shareholding by only 5.8%, it can be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At LINKBANCORP
In the last twelve months, the biggest single sale by an insider was when the CEO & Director, Andrew Samuel, sold US$1.9m worth of shares at a price of US$8.50 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$6.28. So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid US$377k for 58.04k shares. But they sold 235.00k shares for US$2.0m. Over the last year we saw more insider selling of LINKBANCORP shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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).
Insider Ownership
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 LINKBANCORP insiders own 29% of the company, worth about US$71m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At LINKBANCORP Tell Us?
The insider sales have outweighed the insider buying, at LINKBANCORP, in the last three months. 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. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing LINKBANCORP. For instance, we've identified 3 warning signs for LINKBANCORP (1 is potentially serious) you should be aware of.
But note: LINKBANCORP 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.
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.
