Even if it's not a huge purchase, we think it was good to see that Julie Silcock, the Independent Director of Overseas Shipholding Group, Inc. (NYSE:OSG) recently shelled out US$99k to buy stock, at US$1.80 per share. While that isn't the hugest buy, it actually boosted their shareholding by 236%, which is good to see.
The Last 12 Months Of Insider Transactions At Overseas Shipholding Group
In fact, the recent purchase by Julie Silcock was the biggest purchase of Overseas Shipholding Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$1.85. Of course they may have changed their mind. But this suggests they are optimistic. 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.
In the last twelve months Overseas Shipholding Group insiders were buying shares, but not selling. The chart below shows insider transactions (by 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).
For a common shareholder, it is worth checking how many shares are held by company 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. Based on our data, Overseas Shipholding Group insiders have about 2.2% of the stock, worth approximately US$3.5m. We prefer to see high levels of insider ownership.
So What Do The Overseas Shipholding Group Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Overseas Shipholding Group insiders are expecting a bright future. Along with insider transactions, I recommend checking if Overseas Shipholding Group is growing revenue. This free chart of historic revenue and earnings should make that easy.
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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Simply Wall St has no position in the stocks mentioned.
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