Insider Buying: The Everi Holdings Inc. (NYSE:EVRI) Independent Director Just Bought US$120k Worth Of Shares
Investors who take an interest in Everi Holdings Inc. (NYSE:EVRI) should definitely note that the Independent Director, Eileen Raney, recently paid US$6.00 per share to buy US$120k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 34%.
View our latest analysis for Everi Holdings
Everi Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Eileen Raney was the biggest purchase of Everi Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$2.92). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Everi Holdings insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Everi Holdings 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
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. 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, Everi Holdings insiders have about 0.9% of the stock, worth approximately US$2.2m. We consider this fairly low insider ownership.
So What Do The Everi Holdings Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Everi Holdings insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Everi Holdings. For instance, we've identified 4 warning signs for Everi Holdings (1 is significant) you should be aware of.
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 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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