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Even if it's not a huge purchase, we think it was good to see that Jeffrey Glajch, the VP of Finance & Administration of Graham Corporation (NYSE:GHM) recently shelled out US$74k to buy stock, at US$18.38 per share. That might not be a big purchase but it only increased their holding by 7.3%, and could be interpreted as a good sign.
Graham Insider Transactions Over The Last Year
In fact, the recent purchase by Jeffrey Glajch was the biggest purchase of Graham shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$18.46 (the recent price), an insider wanted to purchase shares. 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Graham insiders bought shares last year, they didn't sell. You can see a visual depiction of insider transactions (by 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!
Graham is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Graham Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Graham insiders own 3.5% of the company, worth about US$6.4m. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Graham Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Graham insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Graham, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.
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