Richard Pickup of Impac Mortgage Holdings, Inc. (NYSEMKT:IMH) Just Spent US$757k On Shares
Impac Mortgage Holdings, Inc. (NYSEMKT:IMH) shareholders (or potential shareholders) will be happy to see that insider Richard Pickup recently bought a whopping US$757k worth of stock, at a price of US$1.13. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 25%.
View our latest analysis for Impac Mortgage Holdings
The Last 12 Months Of Insider Transactions At Impac Mortgage Holdings
Notably, that recent purchase by Richard Pickup is the biggest insider purchase of Impac Mortgage Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$1.27. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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 Impac Mortgage Holdings share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Richard Pickup.
Richard Pickup bought a total of 1.53m shares over the year at an average price of US$1.61. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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.
Does Impac Mortgage Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Impac Mortgage Holdings insiders own about US$8.7m worth of shares. That equates to 32% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Impac Mortgage Holdings Tell Us?
It is good to see the recent insider purchase. 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. Insiders likely see value in Impac Mortgage Holdings shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 4 warning signs for Impac Mortgage Holdings (of which 2 are a bit unpleasant!) you should know about.
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, 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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