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Insider Buying: The Graham Corporation (NYSE:GHM) President Just Bought US$223k Worth Of Shares

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Potential Graham Corporation (NYSE:GHM) shareholders may wish to note that the President, James Lines, recently bought US$223k worth of stock, paying US$18.07 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 11%.

View our latest analysis for Graham

Graham Insider Transactions Over The Last Year

In fact, the recent purchase by James Lines was the biggest purchase of Graham shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$18.45. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Graham insiders decided to buy shares at close to current prices.

While Graham insiders bought shares last year, they didn't sell. You can see the insider transactions (by 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!

NYSE:GHM Recent Insider Trading, February 20th 2020
NYSE:GHM Recent Insider Trading, February 20th 2020

Graham is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Graham insiders own about US$6.6m worth of shares (which is 3.6% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Graham Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Graham insiders are expecting a bright future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: Graham 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.