One Reservoir Media Insider Raised Stake By 37% In Previous Year
From what we can see, insiders were net buyers in Reservoir Media, Inc.'s (NASDAQ:RSVR ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Reservoir Media
Reservoir Media Insider Transactions Over The Last Year
The Independent Chairman of the Board Ezra Field made the biggest insider purchase in the last 12 months. That single transaction was for US$149k worth of shares at a price of US$5.39 each. Even though the purchase was made at a significantly lower price than the recent price (US$7.08), we still think insider buying is a positive. 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!
Reservoir Media is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Reservoir Media
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. Insiders own 2.7% of Reservoir Media shares, worth about US$13m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Reservoir Media Tell Us?
It doesn't really mean much that no insider has traded Reservoir Media shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Reservoir Media and we see no evidence to suggest they are worried about the future. 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Reservoir Media.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
