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Helmerich & Payne, Inc. (NYSE:HP) shareholders (or potential shareholders) will be happy to see that the Independent Director, Belgacem Chariag, recently bought a whopping US$1.0m worth of stock, at a price of US$27.08. That increased their holding by a full 217%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
View our latest analysis for Helmerich & Payne
Helmerich & Payne Insider Transactions Over The Last Year
In fact, the recent purchase by Belgacem Chariag was the biggest purchase of Helmerich & Payne 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$26.95 (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. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 60.66k shares worth US$1.7m. But insiders sold 38.41k shares worth US$1.5m. In the last twelve months there was more buying than selling by Helmerich & Payne insiders. 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 always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Helmerich & Payne
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Helmerich & Payne insiders own about US$105m worth of shares (which is 3.9% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Helmerich & Payne Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Helmerich & Payne. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Helmerich & Payne has 2 warning signs we think you should be aware of.