Did Iktinos Hellas S.A. Greek Marble Industry Technical and Touristic Company (ATH:IKTIN) Insiders Sell Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Iktinos Hellas S.A. Greek Marble Industry Technical and Touristic Company (ATH:IKTIN).

What Is Insider Selling?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.

We don't think shareholders should simply follow insider transactions. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

See our latest analysis for Iktinos Hellas Greek Marble Industry Technical and Touristic

The Last 12 Months Of Insider Transactions At Iktinos Hellas Greek Marble Industry Technical and Touristic

In the last twelve months, the biggest single sale by an insider was when the Executive Director, Lydia Chaida, sold €156k worth of shares at a price of €0.92 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is €0.57. So it may not shed much light on insider confidence at current levels. Lydia Chaida was the only individual insider to sell shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Iktinos Hellas Greek Marble Industry Technical and Touristic insiders own 65% of the company, currently worth about €42m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Iktinos Hellas Greek Marble Industry Technical and Touristic Tell Us?

It doesn't really mean much that no insider has traded Iktinos Hellas Greek Marble Industry Technical and Touristic shares in the last quarter. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Iktinos Hellas Greek Marble Industry Technical and Touristic insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Iktinos Hellas Greek Marble Industry Technical and Touristic. To help with this, we've discovered 4 warning signs (1 doesn't sit too well with us!) that you ought to be aware of before buying any shares in Iktinos Hellas Greek Marble Industry Technical and Touristic.

Of course Iktinos Hellas Greek Marble Industry Technical and Touristic 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.

If you’re looking to trade Iktinos Hellas Greek Marble Industry Technical and Touristic, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

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. 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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.