Yahoo Finance Insider Buying: The Hibbett Sports, Inc. (NASDAQ:HIBB) President Just Bought US$135k Worth Of Shares
Potential Hibbett Sports, Inc. (NASDAQ:HIBB) shareholders may wish to note that the President, Michael Longo, recently bought US$135k worth of stock, paying US$9.00 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 100%.
Check out our latest analysis for Hibbett Sports
The Last 12 Months Of Insider Transactions At Hibbett Sports
In fact, the recent purchase by Michael Longo was the biggest purchase of Hibbett Sports shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$10.42. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Hibbett Sports insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders paid US$232k for 21.13k shares. But they sold 1227 shares for US$28k. In total, Hibbett Sports insiders bought more than they sold over the last year. Their average price was about US$10.98. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Hibbett Sports is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Hibbett Sports
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Hibbett Sports insiders have about 1.1% of the stock, worth approximately US$2.0m. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Hibbett Sports Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Hibbett Sports insiders are expecting a bright future. 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. Be aware that Hibbett Sports is showing 3 warning signs in our investment analysis, and 1 of those can't be ignored...
Of course Hibbett Sports may not be the best stock to buy. So you may wish to see this free collection of high quality 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, 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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