Have Propel Funeral Partners Insiders Been Selling Stock?

Anyone interested in Propel Funeral Partners Limited (ASX:PFP) should probably be aware that the Independent Non-Executive Chairman, Brian Scullin, recently divested AU$293k worth of shares in the company, at an average price of AU$5.85 each. That sale was 12% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Propel Funeral Partners

The Last 12 Months Of Insider Transactions At Propel Funeral Partners

Notably, that recent sale by Brian Scullin is the biggest insider sale of Propel Funeral Partners shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of AU$5.85. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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).

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Propel Funeral Partners better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Propel Funeral Partners

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. Propel Funeral Partners insiders own about AU$53m worth of shares. That equates to 6.6% of the company. 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 Do The Propel Funeral Partners Insider Transactions Indicate?

An insider sold Propel Funeral Partners shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Propel Funeral Partners that deserve your attention before buying any shares.

But note: Propel Funeral Partners 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.