Have Patel Integrated Logistics Limited (NSE:PATINTLOG) Insiders Been Selling Their Stock?

Investors may wish to note that the Chairman Emeritus of Patel Integrated Logistics Limited, Asgar Patel, recently netted ₹104k from selling stock, receiving an average price of ₹13.00. On the bright side, that's just a small sale and only reduced their holding by 0.07%.

See our latest analysis for Patel Integrated Logistics

Patel Integrated Logistics Insider Transactions Over The Last Year

Notably, that recent sale by Chairman Emeritus Asgar Patel was not the only time they sold Patel Integrated Logistics shares this year. They previously made an even bigger sale of -₹6.0m worth of shares at a price of ₹13.35 per share. That means that an insider was selling shares at around the current price of ₹12.50. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Asgar Patel ditched 1.68m shares over the year. The average price per share was ₹13.64. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart 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 Of Patel Integrated Logistics

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Patel Integrated Logistics insiders own 24% of the company, worth about ₹221m. 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 Patel Integrated Logistics Insider Transactions Indicate?

An insider hasn't bought Patel Integrated Logistics stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Patel Integrated Logistics is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 4 warning signs we've spotted with Patel Integrated Logistics (including 2 which are concerning).

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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