Yahoo Finance Independent Director Ann Bates Just Bought Shares In United Natural Foods, Inc. (NYSE:UNFI)
Investors who take an interest in United Natural Foods, Inc. (NYSE:UNFI) should definitely note that the Independent Director, Ann Bates, recently paid US$5.47 per share to buy US$131k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 134%.
See our latest analysis for United Natural Foods
The Last 12 Months Of Insider Transactions At United Natural Foods
In the last twelve months, the biggest single purchase by an insider was when Independent Director James Muehlbauer bought US$207k worth of shares at a price of US$6.91 per share. We do like to see buying, but this purchase was made at well below the current price of US$11.93. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months United Natural Foods insiders were buying shares, but not selling. You can see the insider transactions (by 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!
United Natural Foods is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does United Natural Foods Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.3% of United Natural Foods shares, worth about US$7.9m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About United Natural Foods Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on United Natural Foods stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for United Natural Foods you should be aware of, and 1 of them shouldn't be ignored.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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.
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. Thank you for reading.
