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Potential Century Casinos, Inc. (NASDAQ:CNTY) shareholders may wish to note that the Chairman & Co-CEO, Erwin Haitzmann, recently bought US$126k worth of stock, paying US$5.71 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.6%.
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The Last 12 Months Of Insider Transactions At Century Casinos
Notably, that recent purchase by Erwin Haitzmann is the biggest insider purchase of Century Casinos shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$5.85. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Century Casinos insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Century Casinos
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Century Casinos insiders own about US$18m worth of shares. That equates to 10% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Century Casinos Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Century Casinos shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Century Casinos. For example - Century Casinos has 1 warning sign we think you should be aware of.