Whilst it may not be a huge deal, we thought it was good to see that the Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Independent Director, Maribeth Rahe, recently bought US$79k worth of stock, for US$7.91 per share. However, it only increased their shares held by 9.5%, and it wasn't a huge purchase by absolute value, either.
Consolidated Communications Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Maribeth Rahe is the biggest insider purchase of Consolidated Communications Holdings shares that we've seen in the last year. That implies that an insider found the current price of US$8.28 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Consolidated Communications Holdings share holders is that an insider was buying at near the current price. Maribeth Rahe was the only individual insider to buy during the last year.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Consolidated Communications Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Consolidated Communications Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 2.5% of Consolidated Communications Holdings shares, worth about US$17m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Consolidated Communications Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Consolidated Communications Holdings shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Consolidated Communications Holdings. To that end, you should learn about the 3 warning signs we've spotted with Consolidated Communications Holdings (including 1 which is concerning).
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.
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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