Yahoo Finance Herbert Parker Bought 55% More Shares In TriMas
Investors who take an interest in TriMas Corporation (NASDAQ:TRS) should definitely note that the Independent Director, Herbert Parker, recently paid US$26.27 per share to buy US$475k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 55%, potentially signalling some real optimism.
Check out our latest analysis for TriMas
The Last 12 Months Of Insider Transactions At TriMas
Notably, that recent purchase by Herbert Parker is the biggest insider purchase of TriMas shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$26.89. 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. Happily, the TriMas insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 33.20k shares worth US$843k. But insiders sold 16.39k shares worth US$425k. Overall, TriMas insiders were net buyers 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!
TriMas is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does TriMas Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that TriMas insiders own 1.5% of the company, worth about US$16m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About TriMas Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in TriMas shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that TriMas has 2 warning signs (1 can't be ignored!) that deserve your attention before going any further with your analysis.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
