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Viewing insider transactions for Century Casinos, Inc.'s (NASDAQ:CNTY ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Century Casinos
The Last 12 Months Of Insider Transactions At Century Casinos
The Chairman & Co-CEO Erwin Haitzmann made the biggest insider purchase in the last 12 months. That single transaction was for US$84k worth of shares at a price of US$11.24 each. That means that even when the share price was higher than US$8.39 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Erwin Haitzmann was the only individual insider to buy during the last year.
You can see the insider transactions (by companies and 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!
Century Casinos 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 Century Casinos Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Century Casinos insiders own 9.5% of the company, worth about US$24m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Century Casinos Insiders?
The fact that there have been no Century Casinos insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Century Casinos and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Century Casinos. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Century Casinos.