Insiders at New Delhi Television Limited (NSE:NDTV) made a tidy sum after selling stock currently priced at ₹191 at a price of ₹222
New Delhi Television Limited's (NSE:NDTV) stock rose 13% last week, but insiders who sold ₹10m worth of stock over the last year are probably in a more advantageous position. Selling at an average price of ₹222, which is higher than the current price, may have been the wisest decision for these insiders as their investment would have been worth less now than when they sold.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for New Delhi Television
New Delhi Television Insider Transactions Over The Last Year
The insider, Sonia Singh, made the biggest insider sale in the last 12 months. That single transaction was for ₹7.9m worth of shares at a price of ₹245 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 ₹191. So it is hard to draw any strong conclusion from it.
New Delhi Television 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does New Delhi Television Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. New Delhi Television insiders own about ₹4.1b worth of shares. That equates to 34% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The New Delhi Television 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 New Delhi Television insider transactions don't fill us with confidence. 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. Every company has risks, and we've spotted 1 warning sign for New Delhi Television 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, but not derivative transactions.
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About NSEI:NDTV
New Delhi Television
Engages in the television media business in India, the United States, Europe, and internationally.
Worrying balance sheet minimal.