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Don't Ignore The Fact That This Insider Just Sold Some Shares In Helix Energy Solutions Group, Inc. (NYSE:HLX)

Simply Wall St

Anyone interested in Helix Energy Solutions Group, Inc. (NYSE:HLX) should probably be aware that the Director, Nancy Quinn, recently divested US$121k worth of shares in the company, at an average price of US$9.58 each. The eyebrow raising move amounted to a reduction of 10.8% in their holding.

Check out our latest analysis for Helix Energy Solutions Group

Helix Energy Solutions Group Insider Transactions Over The Last Year

The President, Owen Kratz, made the biggest insider sale in the last 12 months. That single transaction was for US$6.4m worth of shares at a price of US$9.79 each. So what is clear is that an insider saw fit to sell at around the current price of US$8.42. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we note insiders sold 731389 shares worth US$7.1m. In the last year Helix Energy Solutions Group 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!

NYSE:HLX Recent Insider Trading, September 20th 2019

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Does Helix Energy Solutions Group Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 5.5% of Helix Energy Solutions Group shares, worth about US$68m. 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 Helix Energy Solutions Group Insiders?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. We'd think twice before buying! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Helix Energy Solutions Group.

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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.