Insiders Who Sold Iktinos Hellas Greek Marble Industry Technical and Touristic Missed Out On 12% Stock Increase

Despite the fact that Iktinos Hellas S.A. Greek Marble Industry Technical and Touristic Company (ATH:IKTIN) stock rose 12% last week, insiders who sold €111k worth of stock in the previous 12 months are likely to be better off. Selling at an average price of €0.64, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Iktinos Hellas Greek Marble Industry Technical and Touristic Insider Transactions Over The Last Year

The VP & Non-Executive Director, Lydia Chaida, made the biggest insider sale in the last 12 months. That single transaction was for €61k worth of shares at a price of €3.51 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of €0.47. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Lydia Chaida.

Lydia Chaida sold a total of 172.40k shares over the year at an average price of €0.64. You can see a visual depiction of insider transactions (by companies and 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!

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

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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 70% of the company, currently worth about €38m 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.

So What Do The Iktinos Hellas Greek Marble Industry Technical and Touristic Insider Transactions Indicate?

There haven't been any insider transactions in the last three months -- that doesn't mean much. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of Iktinos Hellas Greek Marble Industry Technical and Touristic insider transactions don't fill us with confidence. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 4 warning signs for Iktinos Hellas Greek Marble Industry Technical and Touristic (of which 2 are a bit concerning!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

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