Don't Ignore The Insider Selling In Turners Automotive Group

Some Turners Automotive Group Limited (NZSE:TRA) shareholders may be a little concerned to see that insider Martin Berry recently sold a substantial NZ$1.7m worth of stock at a price of NZ$4.55 per share. That diminished their holding by a very significant 100%, which arguably implies a strong desire to reallocate capital.

See our latest analysis for Turners Automotive Group

The Last 12 Months Of Insider Transactions At Turners Automotive Group

In the last twelve months, the biggest single sale by an insider was when the Non-Executive Chairman, Grant Baker, sold NZ$2.1m worth of shares at a price of NZ$4.68 per share. So we know that an insider sold shares at around the present share price of NZ$4.46. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Turners Automotive Group 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Turners Automotive Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Turners Automotive Group Boast High 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. We usually like to see fairly high levels of insider ownership. Insiders own 16% of Turners Automotive Group shares, worth about NZ$62m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Turners Automotive Group Tell Us?

An insider sold Turners Automotive Group shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Turners Automotive Group is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Turners Automotive Group. Every company has risks, and we've spotted 3 warning signs for Turners Automotive Group (of which 1 doesn't sit too well with us!) 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 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.