Investors may wish to note that an insider of Tanger Factory Outlet Centers, Inc., Virginia Summerell, recently netted US$73k from selling stock, receiving an average price of US$12.56. It might not be a huge sale, but it did reduce their holding size 15%, hardly encouraging.
The Last 12 Months Of Insider Transactions At Tanger Factory Outlet Centers
Notably, that recent sale by insider Virginia Summerell was not the only time they sold Tanger Factory Outlet Centers shares this year. Earlier in the year, they fetched US$18.25 per share in a -US$230.0k sale. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$12.63). So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid US$391k for 27.00k shares. But they sold 37312 shares for US$647k. All up, insiders sold more shares in Tanger Factory Outlet Centers than they bought, 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!
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Does Tanger Factory Outlet Centers 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. Insiders own 2.4% of Tanger Factory Outlet Centers shares, worth about US$30m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Tanger Factory Outlet Centers Insider Transactions Indicate?
An insider sold stock recently, but they haven’t been buying. Zooming out, the longer term picture doesn’t give us much comfort. On the plus side, Tanger Factory Outlet Centers makes money, and is growing profits. Insiders own shares, but we’re still pretty cautious, given the history of sales. We’re in no rush to buy! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Tanger Factory Outlet Centers.
Of course Tanger Factory Outlet Centers 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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