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Even if it's not a huge purchase, we think it was good to see that Michael Azarian, a Flushing Financial Corporation (NASDAQ:FFIC) insider, recently shelled out US$55k to buy stock, at US$11.00 per share. Even though that isn't a massive buy, it did increase their holding by 122%, which is a arguably a good sign.
Flushing Financial Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Theresa Kelly, sold US$103k worth of shares at a price of US$20.53 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$11.70). So it may not shed much light on insider confidence at current levels.
Happily, we note that in the last year insiders paid US$206k for 15.10k shares. On the other hand they divested 9000 shares, for US$185k. In total, Flushing Financial insiders bought more than they sold over the last year. The average buy price was around US$13.64. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. 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 Flushing Financial
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Flushing Financial insiders own about US$14m worth of shares. That equates to 4.4% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Flushing Financial Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Flushing Financial insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for Flushing Financial you should be aware of.
But note: Flushing Financial 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 firstname.lastname@example.org. 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.