Yahoo Finance Independent Trustee Michael Dance Just Bought 11% More Shares In Centerspace (NYSE:CSR)
Even if it's not a huge purchase, we think it was good to see that Michael Dance, the Independent Trustee of Centerspace (NYSE:CSR) recently shelled out US$82k to buy stock, at US$82.00 per share. That purchase might not be huge but it did increase their holding by 11%.
See our latest analysis for Centerspace
The Last 12 Months Of Insider Transactions At Centerspace
Notably, that recent purchase by Michael Dance is the biggest insider purchase of Centerspace shares that we've seen in the last year. That implies that an insider found the current price of US$82.97 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Centerspace share holders is that insiders were buying at near the current price.
Centerspace insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and 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!
Centerspace is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Centerspace
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.8% of Centerspace shares, worth about US$11m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Centerspace Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Centerspace insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Centerspace. When we did our research, we found 5 warning signs for Centerspace (1 is significant!) that we believe deserve your full attention.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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.
