The President of Lifecore of Landec Corporation (NASDAQ:LNDC), James Hall, Just Bought 34% More Shares
Potential Landec Corporation (NASDAQ:LNDC) shareholders may wish to note that the President of Lifecore, James Hall, recently bought US$106k worth of stock, paying US$10.62 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 34%.
Check out our latest analysis for Landec
The Last 12 Months Of Insider Transactions At Landec
Over the last year, we can see that the biggest insider purchase was by CEO, President & Director Albert Bolles for US$110k worth of shares, at about US$10.98 per share. That means that an insider was happy to buy shares at around the current price of US$11.30. 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. Happily, the Landec insiders decided to buy shares at close to current prices.
While Landec insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Landec is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Landec Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Landec insiders have about 1.3% of the stock, worth approximately US$4.3m. We prefer to see high levels of insider ownership.
So What Do The Landec Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Landec stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Landec. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Landec.
But note: Landec 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.
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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