The Executive VP of Topgolf Callaway Brands Corp. (NYSE:MODG), Brian Lynch, Just Bought 12% More Shares
Potential Topgolf Callaway Brands Corp. (NYSE:MODG) shareholders may wish to note that the Executive VP, Brian Lynch, recently bought US$216k worth of stock, paying US$21.64 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 12%.
Check out our latest analysis for Topgolf Callaway Brands
Topgolf Callaway Brands Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by President Oliver Brewer for US$345k worth of shares, at about US$21.55 per share. So it's clear an insider wanted to buy, at around the current price, which is US$21.87. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Topgolf Callaway Brands share holders is that insiders were buying at near the current price.
While Topgolf Callaway Brands insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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 Topgolf Callaway Brands
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. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Topgolf Callaway Brands insiders own 11% of the company, worth about US$459m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Topgolf Callaway Brands Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Topgolf Callaway Brands. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Topgolf Callaway Brands. In terms of investment risks, we've identified 1 warning sign with Topgolf Callaway Brands and understanding it should be part of your investment process.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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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