Have SkyCity Entertainment Group Insiders Been Selling Stock?

Anyone interested in SkyCity Entertainment Group Limited (NZSE:SKC) should probably be aware that a company insider, David Christian, recently divested NZ$310k worth of shares in the company, at an average price of NZ$1.59 each. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn't exactly instill confidence.

Check out our latest analysis for SkyCity Entertainment Group

SkyCity Entertainment Group Insider Transactions Over The Last Year

In fact, the recent sale by David Christian was the biggest sale of SkyCity Entertainment Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of NZ$1.50. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

In the last twelve months insiders purchased 227.00k shares for NZ$506k. But insiders sold 194.40k shares worth NZ$310k. Overall, SkyCity Entertainment Group insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests SkyCity Entertainment Group insiders own 0.2% of the company, worth about NZ$2.6m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.

So What Does This Data Suggest About SkyCity Entertainment Group Insiders?

An insider hasn't bought SkyCity Entertainment Group stock in the last three months, but there was some selling. But we take heart from prior transactions. But insiders own relatively little of the company, from what we can see. So the company doesn't look great on this analysis. While we like knowing 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. Our analysis shows 5 warning signs for SkyCity Entertainment Group (1 is significant!) and we strongly recommend you look at them before investing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.