The insider selling of this stock continues to kill share price. According to Yahoo Finance insider transactions, in the past 6 weeks alone, this lightly traded stock has seen 161,205 insider shares sold.
I tried posting about the heavy insider selling, but Yahoo took my posts down???
Why would Yahoo prevent users from warning others about heavy insider selling???
The stock has a nice dividend and has done okay, but the insider selling has killed the stock's potential. And now this past week another insider sells another 25,000 shares. The excellent news of the past 2 months and the addition to the Russell 2000 should have brought the stock to $25+, but instead the insiders caused another 10% haircut and brought the stock back down to $20 range.
Contents matters: I am a former 3x owner of this stock. As I recall, most of the insiders are more than 60 years old, and it is possible that they could be reapportioning their stock portfolios. It I were in the same position as they seem to be, I would not hold a huge % of my wealth in a tiny $180 million stock with small cash flow. The run-up was nice and financially very beneficial to me too, but not something for a 100% of am insider's wealth.
I agree with you: $25 seems like a reasonable Sept-Oct target after the iinsiders rebalance too.