Eagle Bulk Shipping Insider Ups Holding By 41% During Year
From what we can see, insiders were net buyers in Eagle Bulk Shipping Inc.'s (NYSE:EGLE ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Eagle Bulk Shipping
Eagle Bulk Shipping Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Justin Knowles bought US$80k worth of shares at a price of US$47.27 per share. We do like to see buying, but this purchase was made at well below the current price of US$58.67. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Justin Knowles purchased 3.15k shares over the year. The average price per share was US$46.08. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Eagle Bulk Shipping is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. It appears that Eagle Bulk Shipping insiders own 2.6% of the company, worth about US$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Eagle Bulk Shipping Insider Transactions Indicate?
The fact that there have been no Eagle Bulk Shipping insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Eagle Bulk Shipping insiders are doubting the company, and they do own shares. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 4 warning signs for Eagle Bulk Shipping (1 is a bit concerning) you should be aware of.
Of course Eagle Bulk Shipping 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
