Don't Ignore The Fact That This Insider Just Sold Some Shares In Arrow Financial Corporation (NASDAQ:AROW)
Investors may wish to note that the Chairman of the Board of Arrow Financial Corporation, Thomas Hoy, recently netted US$54k from selling stock, receiving an average price of US$36.05. On the bright side, that's just a small sale and only reduced their holding by 0.7%.
See our latest analysis for Arrow Financial
Arrow Financial Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Gary Dake, sold US$113k worth of shares at a price of US$31.44 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$36.29. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 7.9% of Gary Dake's stake.
Over the last year, we note insiders sold 15667.650000000001 shares worth US$502k. Arrow Financial insiders didn't buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Arrow Financial Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 3.3% of Arrow Financial shares, worth about US$18m. 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 Arrow Financial Insiders?
Insiders haven't bought Arrow Financial 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. On the plus side, Arrow Financial makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd think twice before buying! Of course, the future is what matters most. So if you are interested in Arrow Financial, you should check out this free report on analyst forecasts for the company.
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, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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.
