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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Alpine Income Property Trust, Inc. (NYSE:PINE), it sends a favourable message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Alpine Income Property Trust
Alpine Income Property Trust Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by President John Albright for US$69k worth of shares, at about US$16.14 per share. That means that even when the share price was higher than US$15.26 (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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Alpine Income Property Trust insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own US$1.5m worth of Alpine Income Property Trust stock, about 0.7% of the company. We consider this fairly low insider ownership.
So What Do The Alpine Income Property Trust Insider Transactions Indicate?
The fact that there have been no Alpine Income Property Trust insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Alpine Income Property Trust insiders bought more shares in the company. 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 instance, we've identified 6 warning signs for Alpine Income Property Trust (2 shouldn't be ignored) you should be aware of.