Anyone interested in Premier, Inc. (NASDAQ:PINC) should probably be aware that the Independent Director, William Mayer, recently divested US$150k worth of shares in the company, at an average price of US$37.45 each. That sale was 27.4% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At Premier
In fact, the recent sale by Independent Director William Mayer was not their only sale of Premier shares this year. They previously made an even bigger sale of -US$149.8k worth of shares at a price of US$37.45 per share. That means that an insider was selling shares at around the current price of US$36.92. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last twelve months insiders netted US$288k for 7733 shares sold. Premier insiders didn’t buy any shares over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Insider Ownership of Premier
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. Premier insiders own about US$28m worth of shares. That equates to 0.6% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Premier Tell Us?
An insider hasn’t bought Premier stock in the last three months, but there was some selling. And there weren’t any purchases to give us comfort, over the last year. While insiders do own shares, they don’t own a heap, and they have been selling. We’re in no rush to buy! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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