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Whilst it may not be a huge deal, we thought it was good to see that the Lamar Advertising Company (REIT) (NASDAQ:LAMR) Independent Director, Nancy Fletcher, recently bought US$99k worth of stock, for US$65.94 per share. Even though that isn't a massive buy, it did increase their holding by 187%, which is arguably a good sign.
Lamar Advertising Company (REIT) Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director John Koerner for US$991k worth of shares, at about US$58.27 per share. That means that an insider was happy to buy shares at around the current price of US$68.05. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for Lamar Advertising Company (REIT) share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 18.50k shares for US$1.1m. But they sold 3.50k shares for US$279k. Overall, Lamar Advertising Company (REIT) insiders were net buyers during the last year. The chart below shows insider transactions (by companies and 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Lamar Advertising Company (REIT)
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Lamar Advertising Company (REIT) insiders own 6.1% of the company, currently worth about US$418m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Lamar Advertising Company (REIT) Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Lamar Advertising Company (REIT). One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 2 warning signs for Lamar Advertising Company (REIT) (1 is concerning) 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.
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.
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