Trade Alert: Chief Executive Officer of SPECIALTY Of Navin Fluorine International Amrit Singh Has Sold Stock

Anyone interested in Navin Fluorine International Limited (NSE:NAVINFLUOR) should probably be aware that the Chief Executive Officer of SPECIALTY, Amrit Singh, recently divested ₹35m worth of shares in the company, at an average price of ₹3,459 each. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn't exactly instill confidence.

View our latest analysis for Navin Fluorine International

The Last 12 Months Of Insider Transactions At Navin Fluorine International

In fact, the recent sale by Amrit Singh was the biggest sale of Navin Fluorine International shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (₹3,600). 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 100% of Amrit Singh's stake.

Navin Fluorine International insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Navin Fluorine International

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Navin Fluorine International insiders own 2.8% of the company, worth about ₹5.1b. 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 Navin Fluorine International Tell Us?

An insider sold Navin Fluorine International shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Navin Fluorine International has 1 warning sign we think you should be aware of.

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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.

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