Northern Star Resources Insider Lowered Holding By 77% During Last Year

Viewing insider transactions for Northern Star Resources Limited's (ASX:NST ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Northern Star Resources

Northern Star Resources Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the CEO, MD & Director, Stuart Tonkin, for AU$8.0m worth of shares, at about AU$14.61 per share. That means that even when the share price was below the current price of AU$17.87, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 77% of Stuart Tonkin's stake. Stuart Tonkin was the only individual insider to sell over the last year.

Stuart Tonkin divested 653.00k shares over the last 12 months at an average price of AU$14.60. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Northern Star Resources Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Northern Star Resources insiders own 0.06% of the company, worth about AU$13m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Northern Star Resources Tell Us?

The fact that there have been no Northern Star Resources insider transactions recently certainly doesn't bother us. We don't take much encouragement from the transactions by Northern Star Resources insiders. But we do like the fact that insiders own a fair chunk of the company. 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 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.