This Insider Has Just Sold Shares In Patel Integrated Logistics

Investors may wish to note that the Chairman Emeritus of Patel Integrated Logistics Limited, Asgar Patel, recently netted ₹6.6m from selling stock, receiving an average price of ₹24.03. However we note that the sale only shrunk their holding by 6.1%.

View our latest analysis for Patel Integrated Logistics

The Last 12 Months Of Insider Transactions At Patel Integrated Logistics

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 -₹22m worth of shares at a price of ₹19.05 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of ₹23.12. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 11% of Asgar Patel's holding.

In the last year Patel Integrated Logistics insiders didn't buy any company stock. 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!

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Insider Ownership Of Patel Integrated Logistics

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Patel Integrated Logistics insiders own 18% of the company, worth about ₹276m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Patel Integrated Logistics Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. 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. 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. Our analysis shows 4 warning signs for Patel Integrated Logistics (1 is potentially serious!) and we strongly recommend you look at these before investing.

Of course Patel Integrated Logistics 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 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