Anyone interested in Ingles Markets, Incorporated (NASDAQ:IMKT.A) should probably know that director Laura Sharp recently sold $201,000 worth of company stock, at an average price of $101 each. This sale represented 32% of their stake, so that raises our eyebrows.
Ingles Markets Insider Transactions in the Last Year
Notably, this recent sale by Laura Sharp is the largest insider sale of Ingles Markets shares we have seen in the past year. So we know that an insider sold shares at roughly the current share price of $99.12. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. Given that the sale took place roughly at current prices, this makes us a bit cautious but is hardly a major concern.
Laura Sharp dropped 4,000 shares during the year. The average price per share was US$95.20. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you want to know exactly who sold, how much and when, just click on the chart below!
I would like Ingles Markets better if I see big insider buying. In the meantime, watch this free list of growing companies with significant and recent insider buying.
Ownership of English Markets Insiders
For an ordinary shareholder, it is worth checking how many shares are held by company insiders. High insider participation often makes company management more concerned with the interests of shareholders. It’s great to see that Ingles Markets insiders own 23% of the company, worth around $427 million. I like to see this level of insider ownership because it increases the chances that management is thinking about the best interests of shareholders.
So what do insider trading on Ingles Markets indicate?
An insider recently sold shares of Ingles Markets, but did not buy any. And there have been no purchases to comfort us in the past year. But it is good to see that Ingles Markets is increasing its profits. Although insiders hold a lot of stock in the company (which is good), our analysis of their transactions does not give us confidence in the company. While we like to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. You would be interested to know that we have found 1 warning sign for Ingles Markets and we suggest you take a look.
If you’d rather check out another company – one with potentially superior finances – then don’t miss this free list of attractive companies, which have a high return on equity and low debt.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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Find out if English markets is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.