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Insider Buying: The Hudson Pacific Properties, Inc. (NYSE:HPP) Independent Director Just Bought 29% More Shares

Simply Wall St
·3 mins read

Investors who take an interest in Hudson Pacific Properties, Inc. (NYSE:HPP) should definitely note that the Independent Director, Robert Moran, recently paid US$21.37 per share to buy US$214k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 29%.

View our latest analysis for Hudson Pacific Properties

The Last 12 Months Of Insider Transactions At Hudson Pacific Properties

In the last twelve months, the biggest single sale by an insider was when the Chairman & CEO, Victor Coleman, sold US$2.3m worth of shares at a price of US$33.63 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$23.14. So it may not tell us anything about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid US$2.7m for 130.13k shares. On the other hand they divested 73088 shares, for US$2.5m. Overall, Hudson Pacific Properties insiders were net buyers during the last year. Their average price was about US$20.55. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NYSE:HPP Recent Insider Trading May 27th 2020
NYSE:HPP Recent Insider Trading May 27th 2020

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 of Hudson Pacific Properties

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.9% of Hudson Pacific Properties shares, worth about US$67m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Hudson Pacific Properties Tell Us?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Hudson Pacific Properties insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hudson Pacific Properties. To that end, you should learn about the 4 warning signs we've spotted with Hudson Pacific Properties (including 2 which are concerning).

But note: Hudson Pacific Properties 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.

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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. Thank you for reading.