We note that the SSR Mining Inc. (TSE:SSRM) Senior VP & CFO, Gregory Martin, recently sold CA$125k worth of stock for CA$24.99 per share. It might not be a huge sale, but it did reduce their holding size 21%, hardly encouraging.
The Last 12 Months Of Insider Transactions At SSR Mining
In fact, the recent sale by Gregory Martin was the biggest sale of SSR Mining shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of CA$24.05. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. 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.
Over the last year we saw more insider selling of SSR Mining shares, than buying. 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!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of SSR Mining
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests SSR Mining insiders own 0.2% of the company, worth about CA$5.4m. We consider this fairly low insider ownership.
What Might The Insider Transactions At SSR Mining Tell Us?
An insider sold stock recently, but they haven’t been buying. Zooming out, the longer term picture doesn’t give us much comfort. But since SSR Mining is profitable and growing, we’re not too worried by this. When you consider that most companies have higher levels of insider ownership, we’re a little wary. So we’re not rushing to buy, to say the least. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for SSR Mining.
But note: SSR Mining 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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