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We note that the Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director & Corporate Secretary, Todd Lampert, recently sold US$70k worth of stock for US$27.99 per share. However we note that the sale only shrunk their holding by 7.0%.
Check out our latest analysis for Bankwell Financial Group
Bankwell Financial Group Insider Transactions Over The Last Year
Notably, that recent sale by Director & Corporate Secretary Todd Lampert was not the only time they sold Bankwell Financial Group shares this year. They previously made an even bigger sale of -US$70.0k worth of shares at a price of US$28.03 per share. So what is clear is that an insider saw fit to sell at around the current price of US$27.70. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
We note that in the last year insiders divested 6352 shares for a total of US$172k. Insiders in Bankwell Financial Group didn't buy any shares in the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
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. Insiders own 14% of Bankwell Financial Group shares, worth about US$29m. 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 Do The Bankwell Financial Group Insider Transactions Indicate?
Insiders sold Bankwell Financial Group shares recently, but they didn't buy any. And even if we look to the last year, we didn't see any purchases. On the plus side, Bankwell Financial Group makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Bankwell Financial Group.
But note: Bankwell Financial Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.