Earl Childress of Oceaneering International, Inc. (NYSE:OII) Just Spent US$65k On Shares
Whilst it may not be a huge deal, we thought it was good to see that Earl Childress, who is a company insider, recently bought US$65k worth of stock, for US$4.48 per share. While that isn't the hugest buy, it actually boosted their shareholding by 116%, which is good to see.
View our latest analysis for Oceaneering International
Oceaneering International Insider Transactions Over The Last Year
In fact, the recent purchase by Earl Childress was the biggest purchase of Oceaneering International shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$3.57 (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. We always take careful note of the price insiders pay when purchasing 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.
Over the last year, we can see that insiders have bought 34.78k shares worth US$157k. But insiders sold 2879 shares worth US$55k. In the last twelve months there was more buying than selling by Oceaneering International insiders. You can see the insider transactions (by 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 always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Oceaneering International
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 1.7% of Oceaneering International shares, worth about US$5.8m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Oceaneering International Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Oceaneering International insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 2 warning signs for Oceaneering International (1 is a bit unpleasant!) and we strongly recommend you look at them before investing.
But note: Oceaneering International 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.
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.
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