We’d be surprised if Vishay Precision Group, Inc. (NYSE:VPG) shareholders haven’t noticed that the Independent Director, Wesley Cummins, recently sold US$117k worth of stock at US$28.35 per share. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn’t exactly instill confidence.
The Last 12 Months Of Insider Transactions At Vishay Precision Group
In fact, the recent sale by Wesley Cummins was the biggest sale of Vishay Precision Group shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$27.44. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).
All up, insiders sold more shares in Vishay Precision Group than they bought, over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Vishay Precision Group Boast High Insider Ownership?
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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Vishay Precision Group insiders own 8.3% of the company, worth about US$31m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Vishay Precision Group Insiders?
An insider sold Vishay Precision Group shares recently, but they didn’t buy any. Zooming out, the longer term picture doesn’t give us much comfort. While insiders do own shares, they don’t own a heap, and they have been selling. So we’d only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Vishay Precision Group.
Of course Vishay Precision Group 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.
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