Yahoo Finance Independent Director Stephen Van Oss Just Bought 112% More Shares In Cooper-Standard Holdings Inc. (NYSE:CPS)
Investors who take an interest in Cooper-Standard Holdings Inc. (NYSE:CPS) should definitely note that the Independent Director, Stephen Van Oss, recently paid US$23.92 per share to buy US$478k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 112%, potentially signalling some real optimism.
View our latest analysis for Cooper-Standard Holdings
The Last 12 Months Of Insider Transactions At Cooper-Standard Holdings
Notably, that recent purchase by Stephen Van Oss is the biggest insider purchase of Cooper-Standard Holdings shares that we've seen in the last year. That means that even when the share price was higher than US$24.34 (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. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Stephen Van Oss was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Cooper-Standard Holdings 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.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Cooper-Standard Holdings insiders own about US$8.5m worth of shares (which is 2.0% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Cooper-Standard Holdings Tell Us?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. 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 Cooper-Standard Holdings stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cooper-Standard Holdings. To help with this, we've discovered 2 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in Cooper-Standard Holdings.
But note: Cooper-Standard Holdings 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.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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