Have MSC Industrial Direct Co., Inc. (NYSE:MSM) Insiders Been Selling Their Stock?

Investors may wish to note that the Independent Director of MSC Industrial Direct Co., Inc., Denis Kelly, recently netted US$93k from selling stock, receiving an average price of US$68.86. It wasn’t a huge sale, but it did reduce their holding by 13%. This does not instill confidence.

View our latest analysis for MSC Industrial Direct

MSC Industrial Direct Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Gregory Polli, sold US$223k worth of shares at a price of US$82.60 per share. So what is clear is that an insider saw fit to sell at around the current price of US$72.03. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.

MSC Industrial Direct insiders didn’t buy any shares over the last year. You can see a visual depiction of insider transactions (by 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!

NYSE:MSM Recent Insider Trading, February 6th 2020
NYSE:MSM Recent Insider Trading, February 6th 2020

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of MSC Industrial Direct

Many investors like to check how much of a company is owned by insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. MSC Industrial Direct insiders own about US$681m worth of shares (which is 17% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At MSC Industrial Direct Tell Us?

An insider hasn’t bought MSC Industrial Direct stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn’t show any insider buying. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. Of course, the future is what matters most. So if you are interested in MSC Industrial Direct, 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, 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.