Independent Director Julie Dill Just Bought 195% More Shares In Rayonier Advanced Materials Inc. (NYSE:RYAM)
Potential Rayonier Advanced Materials Inc. (NYSE:RYAM) shareholders may wish to note that the Independent Director, Julie Dill, recently bought US$284k worth of stock, paying US$7.10 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 195%.
View our latest analysis for Rayonier Advanced Materials
Rayonier Advanced Materials Insider Transactions Over The Last Year
Notably, that recent purchase by Julie Dill is the biggest insider purchase of Rayonier Advanced Materials shares that we've seen in the last year. That implies that an insider found the current price of US$7.77 per share to be enticing. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Rayonier Advanced Materials insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and 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 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 Rayonier Advanced Materials
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. It appears that Rayonier Advanced Materials insiders own 4.8% of the company, worth about US$24m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Rayonier Advanced Materials Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Rayonier Advanced Materials we think they are probably pretty confident of a bright 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. At Simply Wall St, we've found that Rayonier Advanced Materials has 3 warning signs (2 are significant!) that deserve your attention before going any further with your analysis.
Of course Rayonier Advanced Materials 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.
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. 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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