Insider Buying: The Cross Country Healthcare, Inc. (NASDAQ:CCRN) Co-Founder Just Bought 4.9% More Shares
Investors who take an interest in Cross Country Healthcare, Inc. (NASDAQ:CCRN) should definitely note that the Co-Founder, Kevin Clark, recently paid US$4.62 per share to buy US$107k worth of the stock. Although the purchase only increased their holding by 4.9%, it is still a solid purchase in our view.
See our latest analysis for Cross Country Healthcare
Cross Country Healthcare Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Richard Mastaler, sold US$309k worth of shares at a price of US$12.35 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$5.19. So it may not tell us anything about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 91.08k shares worth US$587k. But insiders sold 33379 shares worth US$413k. Overall, Cross Country Healthcare insiders were net buyers during the last year. The average buy price was around US$6.44. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 6.4% of Cross Country Healthcare shares, worth about US$12m. 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 Does This Data Suggest About Cross Country Healthcare Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Cross Country Healthcare we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cross Country Healthcare. You'd be interested to know, that we found 1 warning sign for Cross Country Healthcare and we suggest you have a look.
But note: Cross Country Healthcare may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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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