Insider Spends US$385k Buying More Shares In Entravision Communications
Investors who take an interest in Entravision Communications Corporation (NYSE:EVC) should definitely note that the CEO & Director, Michael Christenson, recently paid US$3.85 per share to buy US$385k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 49%.
Check out our latest analysis for Entravision Communications
Entravision Communications Insider Transactions Over The Last Year
The Chief Strategy Officer, Juan Von Wuthenau, made the biggest insider sale in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$4.64 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$3.95). So it may not shed much light on insider confidence at current levels. Juan Von Wuthenau was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 312.68k shares worth US$1.2m. On the other hand they divested 242.59k shares, for US$1.1m. Overall, Entravision Communications insiders were net buyers during the last year. You can see the insider transactions (by companies and 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!
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
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 17% of Entravision Communications shares, worth about US$60m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Entravision Communications Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Entravision Communications insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Entravision Communications.
Of course Entravision Communications may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
