Trade Alert: The Co-Founder Of Cross Country Healthcare, Inc. (NASDAQ:CCRN), Kevin Clark, Has Just Spent US$57k Buying 1.8% More Shares
Even if it's not a huge purchase, we think it was good to see that Kevin Clark, the Co-Founder of Cross Country Healthcare, Inc. (NASDAQ:CCRN) recently shelled out US$57k to buy stock, at US$6.29 per share. However, it only increased their shares held by 1.8%, and it wasn't a huge purchase by absolute value, either.
View our latest analysis for Cross Country Healthcare
Cross Country Healthcare Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Richard Mastaler, sold US$309k worth of shares at a price of US$12.35 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$6.46). So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid US$920k for 150.29k shares. But they sold 33.38k shares for US$413k. In the last twelve months there was more buying than selling by Cross Country Healthcare insiders. They paid about US$6.12 on average. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. 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 Cross Country Healthcare Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Cross Country Healthcare insiders own about US$17m worth of shares. That equates to 7.0% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Cross Country Healthcare Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Cross Country Healthcare shares, given these transactions (along with notable insider ownership of the company). Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Cross Country Healthcare.
Of course Cross Country Healthcare 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, 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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