Katharina Otto-Bernstein Is The Independent Director of Paramount Group, Inc. (NYSE:PGRE) And They Just Spent US$1.1m On Shares
Paramount Group, Inc. (NYSE:PGRE) shareholders (or potential shareholders) will be happy to see that the Independent Director, Katharina Otto-Bernstein, recently bought a whopping US$1.1m worth of stock, at a price of US$9.75. While that only increased their holding size by 0.3%, it is still a big swing by our standards.
View our latest analysis for Paramount Group
Paramount Group Insider Transactions Over The Last Year
Notably, that recent purchase by Katharina Otto-Bernstein is the biggest insider purchase of Paramount Group shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$7.15. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Katharina Otto-Bernstein was the only individual insider to buy shares in the last twelve months.
Katharina Otto-Bernstein bought a total of 143.36k shares over the year at an average price of US$10.62. The chart below shows insider transactions (by 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
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Paramount Group insiders own 13% of the company, worth about US$230m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Paramount Group Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Paramount Group. That's what I like to see! 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. For example - Paramount Group has 2 warning signs we think you should be aware of.
But note: Paramount Group 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 editorial-team@simplywallst.com. 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.
