Yahoo Finance Trade Alert: The Executive Chairman & CEO Of Spectrum Brands Holdings, Inc. (NYSE:SPB), David Maura, Has Just Spent US$125k Buying Shares
Investors who take an interest in Spectrum Brands Holdings, Inc. (NYSE:SPB) should definitely note that the Executive Chairman & CEO, David Maura, recently paid US$62.73 per share to buy US$125k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 0.5%.
Check out our latest analysis for Spectrum Brands Holdings
Spectrum Brands Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Executive Chairman & CEO David Maura was not their only acquisition of Spectrum Brands Holdings shares this year. They previously made an even bigger purchase of US$1.0m worth of shares at a price of US$50.43 per share. Even though the purchase was made at a significantly lower price than the recent price (US$63.52), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
David Maura bought a total of 22.00k shares over the year at an average price of US$51.54. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Spectrum Brands Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Spectrum Brands Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.9% of Spectrum Brands Holdings shares, worth about US$91m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Spectrum Brands Holdings Tell Us?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss last year, which makes us a little cautious. Given that insiders also own a fair bit of Spectrum Brands Holdings we think they are probably pretty confident of a bright future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Spectrum Brands Holdings.
But note: Spectrum Brands 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.
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.
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