Standex International Corporation (NYSE: SXI) stock jumped 4.2% last week, but insiders who sold $ 2.4 million worth of shares in the past year are expected to be in. a better position. Selling at an average price of US $ 114, which is higher than the current price, may have been the best decision for these insiders, as their investment would have been worth less now than when it was sold.
While we don’t think shareholders should just follow insider trading, we think it makes perfect sense to keep tabs on what insiders are doing.
Standex’s international insider trading in the past year
Over the past year or so, we can see that the biggest insider sale has come from Independent Director Charles Cannon for $ 1.1 million in shares, at around $ 116 per share. So we know that an insider sold shares around the current price of US $ 107. While insider selling is negative, for us it is even more so if stocks are sold for a lower price. Considering the sale took place around current prices, this makes us a little cautious but is not a major concern.
Insiders of Standex International have not bought any shares in the past year. Below you can see a visual representation of insider trading (by businesses and individuals) over the past 12 months. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!
NYSE: SXI Insider Trading Volume December 9, 2021
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Insiders of Standex International recently sold shares
The past three months have seen significant insider sales at Standex International. In total, insiders sold $ 2.1 million worth of shares during this period, and we did not record any purchases. All in all, that makes us a little cautious, but that’s not the end.
Does Standex International pride itself on strong insider ownership?
Looking at the total insider stakes in a company can help you determine if they are aligned with common shareholders. Strong insider ownership often makes company management more concerned with the interests of shareholders. It appears that insiders of Standex International own 2.6% of the company, worth around US $ 34 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
What could insider trading tell us at Standex International?
Insiders haven’t bought any Standex International shares in the past three months, but there have been some sales. And there haven’t been any purchases to comfort us in the past year. But it is good to see that Standex International is increasing its profits. Insider ownership is not particularly high, so this analysis makes us cautious about the company. We are in no rush to buy! While we love to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. Every business has risks, and we have spotted 2 warning signs for Standex International you should know.
Sure Standex International may not be the best stock to buy. So you might want to see this free collection of high quality companies.
For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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