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We wouldn't blame BlueScope Steel Limited (ASX:BSL) shareholders if they were a little worried about the fact that Mark Vassella, the MD, CEO & Director recently netted about AU$5.7m selling shares at an average price of AU$12.25. That sale reduced their total holding by 35% which is hardly insignificant, but far from the worst we've seen.
See our latest analysis for BlueScope Steel
BlueScope Steel Insider Transactions Over The Last Year
Notably, that recent sale by MD, CEO & Director Mark Vassella was not the only time they sold BlueScope Steel shares this year. Earlier in the year, they fetched AU$12.25 per share in a -AU$5.7m sale. So what is clear is that an insider saw fit to sell at around the current price of AU$12.25. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
You can see the insider transactions (by 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
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. It appears that BlueScope Steel insiders own 1.2% of the company, worth about AU$73m. 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 BlueScope Steel Tell Us?
An insider hasn't bought BlueScope Steel stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! Of course, the future is what matters most. So if you are interested in BlueScope Steel, you should check out this free report on analyst forecasts for the company.
Of course BlueScope Steel may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.