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Trade Alert: The Senior VP & CFO Of The Andersons, Inc. (NASDAQ:ANDE), Brian Valentine, Has Just Spent US$80k Buying Shares

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Simply Wall St
·3 min read
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Whilst it may not be a huge deal, we thought it was good to see that the The Andersons, Inc. (NASDAQ:ANDE) Senior VP & CFO, Brian Valentine, recently bought US$80k worth of stock, for US$15.99 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 16%.

View our latest analysis for Andersons

Andersons Insider Transactions Over The Last Year

President Patrick Bowe made the biggest insider purchase in the last 12 months. That single transaction was for US$215k worth of shares at a price of US$21.50 each. That means that an insider was happy to buy shares at above the current price of US$14.71. 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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months insiders purchased 30.80k shares for US$633k. But insiders sold 3261 shares worth US$115k. In total, Andersons insiders bought more than they sold over the last year. You can see the insider transactions (by 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!

NasdaqGS:ANDE Recent Insider Trading, March 13th 2020
NasdaqGS:ANDE Recent Insider Trading, March 13th 2020

Andersons 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 Andersons Boast High Insider Ownership?

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Andersons insiders own about US$33m 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 Andersons Insiders?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Andersons shares, given these transactions (along with notable insider ownership of the company). 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. Be aware that Andersons is showing 5 warning signs in our investment analysis, and 1 of those can't be ignored...

Of course Andersons 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.