This Madison Square Garden Entertainment Insider Increased Their Holding By 684% Last Year
Insiders were net buyers of Madison Square Garden Entertainment Corp.'s (NYSE:MSGE ) stock during the past year. That is, insiders bought more stock than they sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Madison Square Garden Entertainment
The Last 12 Months Of Insider Transactions At Madison Square Garden Entertainment
The Director Thomas Dolan made the biggest insider purchase in the last 12 months. That single transaction was for US$10.0m worth of shares at a price of US$31.00 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$36.96. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Madison Square Garden Entertainment 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 Madison Square Garden Entertainment Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Madison Square Garden Entertainment insiders own about US$49m worth of shares. That equates to 2.9% 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.
What Might The Insider Transactions At Madison Square Garden Entertainment Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Madison Square Garden Entertainment insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Madison Square Garden Entertainment. Every company has risks, and we've spotted 1 warning sign for Madison Square Garden Entertainment you should know about.
Of course Madison Square Garden Entertainment 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.
