Even with Enerpac Tool Group Corp. (NYSE:EPAC) stock down 6.4% this week, insiders who bought recently netted around US$19k
Insiders who bought Enerpac Tool Group Corp. (NYSE:EPAC) stock lover the last 12 months are probably not as affected by last week’s 6.4% loss. Even after accounting for the recent loss, the US$53k worth of stock purchased by them is now worth US$72k or in other words, their investment continues to give good returns.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Enerpac Tool Group
The Last 12 Months Of Insider Transactions At Enerpac Tool Group
Over the last year, we can see that the biggest insider purchase was by Executive Vice President of Operations Markus Limberger for US$53k worth of shares, at about US$17.51 per share. Even though the purchase was made at a significantly lower price than the recent price (US$23.86), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
The chart below shows insider transactions (by companies and individuals) over the last year. 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).
Does Enerpac Tool Group Boast High Insider Ownership?
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. We usually like to see fairly high levels of insider ownership. Insiders own 1.1% of Enerpac Tool Group shares, worth about US$15m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Enerpac Tool Group Insider Transactions Indicate?
The fact that there have been no Enerpac Tool Group insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Enerpac Tool Group insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Enerpac Tool Group. You'd be interested to know, that we found 1 warning sign for Enerpac Tool Group and we suggest you have a look.
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.
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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.
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