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Have Insiders Sold Genie Energy Shares Recently?

最近、ジニーエナジーの株を内部者が売却しましたか?

Simply Wall St ·  09/19 06:10

We note that the Genie Energy Ltd. (NYSE:GNE) Chief Financial Officer, Avi Goldin, recently sold US$40k worth of stock for US$17.19 per share. On the bright side, that's just a small sale and only reduced their holding by 3.1%.

The Last 12 Months Of Insider Transactions At Genie Energy

The Ex-officio Director, James Courter, made the biggest insider sale in the last 12 months. That single transaction was for US$671k worth of shares at a price of US$24.64 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$16.99). So it may not tell us anything about how insiders feel about the current share price.

Insiders in Genie Energy didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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NYSE:GNE Insider Trading Volume September 19th 2024

I will like Genie Energy better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Genie Energy Boast High 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. We usually like to see fairly high levels of insider ownership. It appears that Genie Energy insiders own 20% of the company, worth about US$91m. 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 Genie Energy Tell Us?

While there has not been any insider buying in the last three months, there has been selling. But given the selling was modest, we're not worried. Recent insider selling makes us a little nervous, in light of the broader picture of Genie Energy insider transactions. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 3 warning signs for Genie Energy you should know about.

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.

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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.

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