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. That certainly has us anticipating the best, especially since they thusly increased their own holding by 100%, potentially signalling some real optimism.
The Last 12 Months Of Insider Transactions At Hibbett Sports
Notably, that recent purchase by Michael Longo is the biggest insider purchase of Hibbett Sports shares that we’ve seen in the last year. That implies that an insider found the current price of US$10.42 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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.
Over the last year, we can see that insiders have bought 21.13k shares worth US$232k. But insiders sold 1227 shares worth US$28k. In total, Hibbett Sports insiders bought more than they sold over the last year. They paid about US$10.98 on average. I’d consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are 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.
What Might The Insider Transactions At Hibbett Sports Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that Hibbett Sports insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Hibbett Sports. At Simply Wall St, we’ve found that Hibbett Sports has 3 warning signs (1 doesn’t sit too well with us!) that deserve your attention before going any further with your analysis.
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, but not derivative transactions.
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