Yahoo Finance Insider Spends US$82k Buying More Shares In Enhabit
Even if it's not a huge purchase, we think it was good to see that Jeffrey Bolton, the Independent Director of Enhabit, Inc. (NYSE:EHAB) recently shelled out US$82k to buy stock, at US$8.24 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 31%.
See our latest analysis for Enhabit
The Last 12 Months Of Insider Transactions At Enhabit
In the last twelve months, the biggest single purchase by an insider was when Executive Vice President of Clinical Excellence & Strategy Ronald Langham bought US$120k worth of shares at a price of US$11.99 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$8.34). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. We note that Ronald Langham was both the biggest buyer and the biggest seller.
Over the last year, we can see that insiders have bought 36.10k shares worth US$394k. But insiders sold 634.00 shares worth US$5.6k. In the last twelve months there was more buying than selling by Enhabit insiders. 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!
Enhabit 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 Enhabit
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 2.3% of Enhabit shares, worth about US$9.5m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Enhabit Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Enhabit stock. Of course, the future is what matters most. So if you are interested in Enhabit, you should check out this free report on analyst forecasts for the company.
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 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.
