A Gentex Corporation (NASDAQ:GNTX) insider increased their holdings by 9.2% last year
Viewing insider transactions for Gentex Corporation's (NASDAQ:GNTX ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Gentex
Gentex Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by President Steven Downing for US$257k worth of shares, at about US$25.74 per share. So it's clear an insider wanted to buy, at around the current price, which is US$27.60. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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 Gentex share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Steven Downing.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Gentex is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Gentex
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Gentex insiders own about US$14m worth of shares. That equates to 0.2% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Gentex Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Gentex shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Gentex and we see no evidence to suggest they are worried about the future. Of course, the future is what matters most. So if you are interested in Gentex, you should check out this free report on analyst forecasts for the company.
Of course Gentex 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, 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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