Some American Campus Communities, Inc. (NYSE:ACC) shareholders may be a little concerned to see that the Director, Oliver Luck, recently sold a whopping US$587k worth of stock at a price of US$48.05 per share. That diminished their holding by a very significant 72%, which arguably implies a strong desire to reallocate capital.
American Campus Communities Insider Transactions Over The Last Year
Notably, that recent sale by Oliver Luck is the biggest insider sale of American Campus Communities shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$47.78. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
We note that in the last year insiders divested 23478 shares for a total of US$1.1m. In the last year American Campus Communities insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. American Campus Communities insiders own about US$29m worth of shares. That equates to 0.4% of the company. 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 American Campus Communities Tell Us?
An insider hasn't bought American Campus Communities stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! Of course, the future is what matters most. So if you are interested in American Campus Communities, you should check out this free report on analyst forecasts for the company.
But note: American Campus Communities 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, but not derivative transactions.
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If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.