Yahoo Finance Insider Spends US$235k Buying More Shares In Glatfelter \
Potential Glatfelter Corporation (NYSE:GLT) shareholders may wish to note that the Independent Non-Executive Chairman, Kevin Fogarty, recently bought US$235k worth of stock, paying US$3.53 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 62%, potentially signalling some real optimism.
View our latest analysis for Glatfelter
The Last 12 Months Of Insider Transactions At Glatfelter
Over the last year, we can see that the biggest insider purchase was by insider Wolfgang Laures for US$1.0m worth of shares, at about US$3.72 per share. That means that an insider was happy to buy shares at around the current price of US$3.79. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Glatfelter insiders decided to buy shares at close to current prices.
While Glatfelter insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Glatfelter 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
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Glatfelter insiders own about US$5.9m worth of shares (which is 3.5% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Glatfelter Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. 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 Glatfelter 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. For example - Glatfelter has 1 warning sign we think you should be aware of.
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.
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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.
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