The Chief People Officer of Sonida Senior Living, Inc. (NYSE:SNDA), Michael Karicher, Just Bought 42% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Sonida Senior Living, Inc. (NYSE:SNDA) Chief People Officer, Michael Karicher, recently bought US$72k worth of stock, for US$7.20 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 42%.
Check out our latest analysis for Sonida Senior Living
The Last 12 Months Of Insider Transactions At Sonida Senior Living
Notably, that recent purchase by Michael Karicher is the biggest insider purchase of Sonida Senior Living shares that we've seen in the last year. That means that even when the share price was higher than US$7.09 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Sonida Senior Living insiders may have bought shares in the last year, but they didn't sell any. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Sonida Senior Living Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Sonida Senior Living insiders own about US$12m worth of shares. That equates to 25% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Sonida Senior Living Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Sonida Senior Living shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Sonida Senior Living. For instance, we've identified 5 warning signs for Sonida Senior Living (2 are potentially serious) you should be aware of.
Of course Sonida Senior Living may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.
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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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