We’d be surprised if Sun Communities, Inc. (NYSE:SUI) shareholders haven’t noticed that the Lead Independent Director, Clunet Lewis, recently sold US$293k worth of stock at US$172 per share. However, the silver lining is that the sale only reduced their total holding by 4.1%, so we’re hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At Sun Communities
Over the last year, we can see that the biggest insider purchase was by Director Arthur Weiss for US$30m worth of shares, at about US$118 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$157. Because the shares were purchased at a lower price, this particular buy doesn’t tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 258.19k shares for US$30m. But they sold 150830 shares for US$24m. Overall, Sun Communities insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Sun Communities Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Sun Communities insiders own about US$356m worth of shares (which is 2.2% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Sun Communities Insiders?
The insider sales have outweighed the insider buying, at Sun Communities, in the last three months. But we take heart from prior transactions. And insider ownership remains quite considerable. So the recent selling doesn’t worry us. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Sun Communities.
But note: Sun Communities may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 email@example.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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