John Baker Is The CFO & Treasurer of FRP Holdings, Inc. (NASDAQ:FRPH) And They Just Picked Up 3.6% More Shares
Potential FRP Holdings, Inc. (NASDAQ:FRPH) shareholders may wish to note that the CFO & Treasurer, John Baker, recently bought US$150k worth of stock, paying US$40.59 for each share. Although the purchase only increased their holding by 3.6%, it is still a solid purchase in our view.
View our latest analysis for FRP Holdings
FRP Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by John Baker is the biggest insider purchase of FRP Holdings shares that we've seen in the last year. That implies that an insider found the current price of US$40.78 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 FRP Holdings share holders is that an insider was buying at near the current price. John Baker was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
FRP Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does FRP Holdings Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that FRP Holdings insiders own 38% of the company, worth about US$147m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About FRP Holdings Insiders?
It's certainly positive 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 FRP Holdings insiders are well aligned, and quite possibly think the share price is too low. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 1 warning sign for FRP Holdings you should be aware of.
Of course FRP Holdings 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, 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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