Yahoo Finance VP, Assistant Secretary & CFO Thomas Pigott Just Bought 16% More Shares In Lancaster Colony Corporation (NASDAQ:LANC)
Even if it's not a huge purchase, we think it was good to see that Thomas Pigott, the VP, Assistant Secretary & CFO of Lancaster Colony Corporation (NASDAQ:LANC) recently shelled out US$97k to buy stock, at US$122 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 16%.
Check out our latest analysis for Lancaster Colony
The Last 12 Months Of Insider Transactions At Lancaster Colony
Over the last year, we can see that the biggest insider purchase was by Lead Independent Director Alan Harris for US$500k worth of shares, at about US$156 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$122). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Lancaster Colony insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Lancaster Colony 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 of Lancaster Colony
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Lancaster Colony insiders own 27% of the company, currently worth about US$893m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Lancaster Colony Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Lancaster Colony. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 3 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in Lancaster Colony.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
