Yahoo Finance This Calumet Specialty Products Partners Insider Increased Their Holding In The Last Year
Insiders were net buyers of Calumet Specialty Products Partners, L.P.'s (NASDAQ:CLMT ) stock during the past year. That is, insiders bought more stock than they sold.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Calumet Specialty Products Partners
The Last 12 Months Of Insider Transactions At Calumet Specialty Products Partners
The Independent Director of Calumet GP John Boss made the biggest insider purchase in the last 12 months. That single transaction was for US$366k worth of shares at a price of US$14.85 each. That implies that an insider found the current price of US$15.69 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 Calumet Specialty Products Partners share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was John Boss.
You can see a visual depiction of insider transactions (by companies and 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Calumet Specialty Products Partners Insiders Are Selling The Stock
The last quarter saw substantial insider selling of Calumet Specialty Products Partners shares. In total, Senior VP Gregory Morical dumped US$167k worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
Insider Ownership
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. It appears that Calumet Specialty Products Partners insiders own 3.7% of the company, worth about US$47m. 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 Do The Calumet Specialty Products Partners Insider Transactions Indicate?
An insider sold stock recently, but they haven't been buying. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So we're happy enough to look past some selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Calumet Specialty Products Partners. Every company has risks, and we've spotted 3 warning signs for Calumet Specialty Products Partners you should know about.
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.
