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Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Superior Group of Companies, Inc. (NASDAQ:SGC), that sends out a positive message to the company's shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Superior Group of Companies
Superior Group of Companies Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Director, Andrew Demott, sold US$204k worth of shares at a price of US$16.32 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$17.13. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 5.7% of Andrew Demott's holding. Andrew Demott was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 15.50k shares worth US$207k. But insiders sold 12.50k shares worth US$204k. In the last twelve months there was more buying than selling by Superior Group of Companies insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Superior Group of Companies is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Superior Group of Companies Insiders Are Selling The Stock
Over the last three months, we've seen significant insider selling at Superior Group of Companies. In total, Director Andrew Demott sold US$204k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
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. Superior Group of Companies insiders own about US$46m worth of shares. That equates to 17% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.