Eric Mendelson Is The Co-President & Director of HEICO Corporation (NYSE:HEI) And Just Spent US$104k On Shares
Investors who take an interest in HEICO Corporation (NYSE:HEI) should definitely note that the Co-President & Director, Eric Mendelson, recently paid US$125 per share to buy US$104k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for HEICO
The Last 12 Months Of Insider Transactions At HEICO
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Julie Neitzel, sold US$131k worth of shares at a price of US$134 per share. So what is clear is that an insider saw fit to sell at around the current price of US$124. 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. Notably Julie Neitzel was also the biggest buyer, having purchased US$1.1m worth of shares.
Happily, we note that in the last year insiders paid US$1.1m for 9.49k shares. But insiders sold 1.47k shares worth US$197k. In total, HEICO insiders bought more than they sold over the last year. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of HEICO
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. HEICO insiders own about US$2.2b worth of shares (which is 14% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The HEICO Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about HEICO. Nice! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for HEICO.
But note: HEICO 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.
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.
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